30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Between 700 and 719
This dataset tracks 30-year fixed rate conforming mortgage index: loan-to-value less than or equal to 80, fico score between 700 and 719 over time.
Latest Value
6.68
Year-over-Year Change
-1.75%
Date Range
1/3/2017 - 8/5/2025
Summary
This economic indicator tracks the 30-year fixed-rate mortgage interest rates for high-credit borrowers with low loan-to-value ratios. It provides critical insight into lending conditions and borrowing costs for prime mortgage applicants.
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 mortgage rates for borrowers with strong credit profiles and substantial home equity, serving as a key benchmark for residential lending markets. Economists use this metric to assess credit market health, lending standards, and potential housing market dynamics.
Methodology
Data is collected through a comprehensive survey of lending institutions, tracking actual mortgage rates offered to qualified borrowers with specific credit and equity characteristics.
Historical Context
This index is utilized by policymakers, financial institutions, and investors to understand credit market conditions and potential economic trends.
Key Facts
- Represents mortgage rates for borrowers with FICO scores between 700-719
- Focuses on loans with loan-to-value ratios of 80% or less
- Provides a benchmark for prime lending conditions
FAQs
Q: What does this mortgage index indicate?
A: It shows the average 30-year fixed mortgage rates for borrowers with high credit scores and substantial home equity. This helps understand lending conditions for low-risk borrowers.
Q: Why are loan-to-value and credit scores important?
A: Lower loan-to-value ratios and higher credit scores typically indicate lower lending risk, which can result in more favorable interest rates for borrowers.
Q: How often is this data updated?
A: The Federal Reserve typically updates this index periodically, with most financial databases providing weekly or monthly refreshed data.
Q: How do lenders use this index?
A: Lenders use this index as a benchmark for setting competitive mortgage rates and assessing overall lending market conditions.
Q: What are the limitations of this index?
A: The index only represents a specific borrower profile and may not reflect rates for all borrowers or loan types. It provides a snapshot of prime lending conditions.
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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 700 and 719 [OBMMIC30YFLVLE80FB700A719], retrieved from FRED.
Last Checked: 8/1/2025