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Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, rising just above 16 percent. The average 30-year fixed rate bottomed in 2021 at just under 3 percent ...
While the 30-year fixed mortgage rate started decreasing from its 8% record highs, standing at 7.08% on Dec. 6, according to Mortgage News Daily, the figures are double where they were two years ago.
In the U.S., the fixed rate mortgage term is usually up to 30 years (15 and 30 being the most common), although longer terms may be offered in certain circumstances. Freddie Mac conducts a weekly survey of lenders on the rates and points for the most popular mortgage products. [7]
The average interest rate is 6.130% for a 30-year, fixed-rate mortgage in the United States, per mortgage technology and data company Optimal Blue. ... Historical mortgage rate trends.
In 2020 and the years that followed, existing housing inventory was snapped up by buyers when mortgage rates were at historical lows—bottoming out at 2.65% for a 30-year fixed rate mortgage in ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
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