Annual, Not Seasonally Adjusted
LFINTTTTG7A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245,479,000.00
Year-over-Year Change
10.32%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the average annual interest rate on 30-year fixed-rate conventional home mortgages. This key indicator provides insight into the cost of long-term home financing for consumers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This Federal Housing Finance Agency (FHFA) series tracks the annual national average interest rate on conventional, conforming, 30-year fixed-rate home mortgages without seasonal adjustments. It is a widely followed metric for the residential mortgage market and mortgage-backed securities.
Methodology
The data is collected through a monthly survey of major mortgage lenders.
Historical Context
Policymakers and analysts use this trend to monitor housing affordability and the health of the mortgage finance system.
Key Facts
- The annual average rate was 6.42% in 2022.
- Rates have risen significantly from historic lows during the COVID-19 pandemic.
- This trend is a key input for the FHFA's House Price Index.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual interest rate on 30-year fixed-rate conventional home mortgages in the United States.
Q: Why is this trend relevant for users or analysts?
A: The 30-year mortgage rate is a critical indicator of housing affordability and the overall state of the residential mortgage market. It is closely watched by policymakers, economists, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of major mortgage lenders by the Federal Housing Finance Agency.
Q: How is this trend used in economic policy?
A: Policymakers, including the Federal Reserve, monitor this trend to understand the cost of long-term home financing and its potential impact on the housing market and broader economy.
Q: Are there update delays or limitations?
A: This data is released with a one-month lag and does not account for seasonal factors, which can impact short-term comparisons.
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Citation
U.S. Federal Reserve, 'Annual, Not Seasonally Adjusted' (LFINTTTTG7A647S), retrieved from FRED.