30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Between 680 and 699
OBMMIC30YFLVLE80FB680A699 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.73
Year-over-Year Change
-1.44%
Date Range
10/8/2021 - 8/7/2025
Summary
This economic indicator tracks the average 30-year fixed mortgage interest rate for conforming loans with specific credit and loan-to-value characteristics. It provides critical insight into residential lending conditions and borrowing costs for homeowners with moderate credit profiles.
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
The index represents a standardized mortgage rate for borrowers with FICO scores between 680-699 and loan-to-value ratios at or below 80%. Economists and financial analysts use this metric to assess lending market health and potential impacts on housing affordability.
Methodology
Data is collected through a comprehensive survey of mortgage lenders, aggregating actual interest rates offered to qualified borrowers meeting specific credit and collateral criteria.
Historical Context
This trend is used by policymakers, central banks, and financial institutions to understand credit market dynamics and inform monetary policy decisions.
Key Facts
- Represents mortgage rates for borrowers with moderate credit scores
- Focuses on loans with less than 80% loan-to-value ratio
- Provides standardized view of lending market conditions
FAQs
Q: What does this mortgage index indicate?
A: The index shows average mortgage interest rates for borrowers with specific credit profiles and loan characteristics. It helps understand lending market conditions.
Q: How often is this data updated?
A: Typically, this data is updated weekly or monthly, reflecting current market lending rates and credit conditions.
Q: Why are FICO scores important in this index?
A: FICO scores help lenders assess borrower creditworthiness and determine appropriate interest rates based on perceived lending risk.
Q: How do policymakers use this information?
A: Central banks and economic policymakers use this data to understand credit market trends and potentially adjust monetary policy.
Q: What does loan-to-value ratio mean?
A: Loan-to-value ratio compares the loan amount to the appraised value of the property, helping lenders assess lending risk.
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Between 680 and 699 [OBMMIC30YFLVLE80FB680A699], retrieved from FRED.
Last Checked: 8/1/2025