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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 ...
The average rate on a 30-year mortgage rose from below 3% in September 2021 to a 23-year high of 7.8% last October. ... Economists generally expect mortgage rates to remain near their current ...
Home prices by county (2021) <$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000+ Cost of housing by State. This article contains a list of U.S. states and the District of Columbia by median home price, according to data from Zillow.
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.
But it's also a far cry from the sub-3% mortgage rates borrowers enjoyed back in 2020 and 2021. If you're looking to buy a home, you may be wondering if mortgage rates will ever drop below 3% again.
See today's average mortgage rates ... The current average rate for a 30-year fixed mortgage is 6.71% for purchase and 6.71% for refinance — a jump of 17 basis points from 6.54% for purchase and ...
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