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As bond prices rose and yields fell, mortgage rates, which follow the 10-year Treasury yield, also declined. Highest average rate. 9.97% (1990) Lowest average rate. 6.91% (1998)
Average rates for popular mortgage terms are inching in opposite directions as of Wednesday, January 22, 2025, with benchmark 30-year fixed rates edging lower, while 15-year rates move higher ...
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 ...
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 closest proxy for mortgage rates is the 10-year Treasury yield. Historically, the typical 30-year mortgage rate was about 2 percentage points higher than the 10-year Treasury yield.
Average mortgage rates for popular terms surge higher week over week, pushing the average 30-year benchmark over 6.70% as of Thursday, October 24, 2024, and setting borrowing costs back to their ...
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