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After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...
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.
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 ...
The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation. ... the average 30-year mortgage rate was nearly 6.8% ...
A third-quarter TransUnion report also showed that mortgage originations were down nearly 37% year over year, from 1.9 million in 2022 to 1.2 million in 2023. “While this plateauing of interest ...
See today's average mortgage rates for a 30-year ... Interest rate type. Mortgage rates come ... After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort ...
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