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1970s mortgage rate trends. The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac.
A note regarding mortgage rate data available for the 1990s: FRED data on 15-year fixed-rate mortgages starts in August 1991, so 1990 and part of 1991 are not factored into this analysis. Chart of ...
Freddie Mac weekly mortgage report: Mortgage rates continue to trend up. Freddie Mac reports an average 6.93% for a 30-year fixed-rate mortgage, up 2 basis points from last week's average 6.91% ...
These mortgages enticed borrowers with a below market interest rate for some predetermined period, followed by market interest rates for the remainder of the mortgage's term. The US home ownership rate increased from 64% in 1994 (about where it had been since 1980) to an all-time high of 69.2% in 2004. [ 71 ]
Average mortgage rates are moderately lower as of Thursday, January 2, 2025, with the average 30-year purchase rate dipping below 7.00% in the new year — about where we were this time last year ...
Current mortgage rate trends. After rising sharply through October 2023, mortgage rates have settled around 7 percent. The average rate on a 30-year mortgage was 7.01 percent as of March 27 ...
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.
The prime rate is used often as an index in calculating rate changes to adjustable rate mortgages (ARM) and other variable rate short term loans. It is used in the calculation of some private student loans. Many credit cards with variable interest rates have their rate specified as the prime rate (index) plus a fixed value commonly called the ...