30-Year Fixed Rate Mortgage Average in the United States
This dataset tracks 30-year fixed rate mortgage average in the united states over time.
Latest Value
6.63
Year-over-Year Change
-2.64%
Date Range
4/2/1971 - 8/7/2025
Summary
The 30-Year Fixed Rate Mortgage Average tracks the typical interest rate for long-term home loans in the United States. This metric is crucial for understanding housing affordability, consumer borrowing costs, and broader economic conditions.
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 economic indicator represents the standard interest rate for 30-year fixed-rate mortgages offered by major financial institutions. Economists and policymakers closely monitor these rates as a key barometer of housing market health and overall economic sentiment.
Methodology
The rate is calculated weekly by surveying major lenders across the United States, reflecting the average interest rate for conforming, non-jumbo mortgages.
Historical Context
Central banks and policymakers use this trend to assess monetary policy impacts, housing market dynamics, and potential economic stimulus strategies.
Key Facts
- Rates directly influence home buying affordability and real estate market activity
- Fluctuations reflect broader economic conditions like inflation and Federal Reserve policies
- Historically low rates can stimulate housing market and consumer spending
FAQs
Q: How often are mortgage rates updated?
A: Mortgage rates are typically updated weekly, reflecting current market conditions and economic indicators.
Q: What factors influence mortgage rates?
A: Rates are influenced by inflation, Federal Reserve policies, economic growth, and overall market conditions.
Q: How do mortgage rates impact home buyers?
A: Lower rates reduce borrowing costs, making home purchases more affordable and potentially increasing housing market activity.
Q: Can mortgage rates predict economic trends?
A: Mortgage rates can serve as an economic indicator, reflecting broader financial market sentiment and potential economic shifts.
Q: How frequently is the MORTGAGE30US data updated?
A: The data is typically updated weekly by the Federal Reserve, providing current insights into mortgage lending conditions.
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED.
Last Checked: 8/1/2025