30-Year Fixed Rate Conforming Mortgage Index
This dataset tracks 30-year fixed rate conforming mortgage index over time.
Latest Value
6.62
Year-over-Year Change
-1.88%
Date Range
1/3/2017 - 8/5/2025
Summary
The 30-Year Fixed Rate Conforming Mortgage Index tracks the average interest rate for standard 30-year home loans that meet Fannie Mae and Freddie Mac guidelines. This metric is crucial for understanding housing affordability, lending conditions, and broader economic monetary trends.
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 index represents the prevailing mortgage rate for conventional, conforming home loans with a 30-year term and standard underwriting criteria. Economists and financial analysts use it to assess housing market dynamics, consumer borrowing costs, and potential impacts on real estate investment and economic growth.
Methodology
The index is calculated by aggregating mortgage rate data from a representative sample of U.S. financial institutions, weighted to reflect current lending practices and market conditions.
Historical Context
Policymakers at the Federal Reserve and Treasury use this index to inform monetary policy decisions and assess the health of the residential real estate market.
Key Facts
- Represents standard 30-year fixed mortgage rates for conforming loans
- Influenced by Federal Reserve monetary policy and broader economic conditions
- Critical indicator for housing market affordability and lending trends
FAQs
Q: How often is the mortgage rate index updated?
A: The index is typically updated weekly, reflecting current market conditions and lending rates.
Q: What makes a mortgage 'conforming'?
A: Conforming loans meet specific guidelines set by Fannie Mae and Freddie Mac, including maximum loan amounts and credit standards.
Q: How do mortgage rates impact home buying?
A: Higher rates increase borrowing costs, potentially reducing home affordability and slowing real estate market activity.
Q: What factors influence mortgage rates?
A: Key factors include Federal Reserve policy, inflation expectations, economic growth, and overall credit market conditions.
Q: Are these rates the same everywhere in the U.S.?
A: Rates can vary slightly by region and individual lender, but the index provides a standardized national benchmark.
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate Conforming Mortgage Index [OBMMIC30YF], retrieved from FRED.
Last Checked: 8/1/2025