30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Between 720 and 739
This dataset tracks 30-year fixed rate conforming mortgage index: loan-to-value less than or equal to 80, fico score between 720 and 739 over time.
Latest Value
6.67
Year-over-Year Change
-1.24%
Date Range
1/3/2017 - 8/5/2025
Summary
This economic indicator tracks the average 30-year fixed mortgage rate for high-credit borrowers with substantial home equity. It provides critical insight into lending conditions and borrowing costs for prime residential 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 low loan-to-value ratios, signaling the most favorable lending terms in the residential real estate market. Economists use this metric to assess credit market health, lending standards, and potential housing market dynamics.
Methodology
Data is collected through comprehensive surveys of lending institutions, aggregating mortgage rate offerings for specific credit and equity parameters.
Historical Context
This index is crucial for policymakers, financial institutions, and investors in understanding credit market conditions and potential economic trends.
Key Facts
- Represents mortgage rates for borrowers with FICO scores between 720-739
- Focuses on loans with 80% or less loan-to-value ratio
- Indicates most favorable lending conditions for high-quality borrowers
FAQs
Q: What does this mortgage index indicate?
A: It shows the average mortgage interest rate for borrowers with excellent credit and substantial home equity. Lower rates suggest favorable lending conditions.
Q: How often is this data updated?
A: The Federal Reserve typically updates this index weekly, providing current insights into mortgage lending trends.
Q: Why are FICO scores important in this index?
A: FICO scores reflect a borrower's creditworthiness, with higher scores indicating lower lending risk and potentially more favorable interest rates.
Q: How do lenders use this index?
A: Lenders reference this index to benchmark their mortgage rates and assess competitive positioning in the lending market.
Q: What does loan-to-value ratio mean?
A: Loan-to-value ratio compares the mortgage amount to the property's appraised value, with lower ratios indicating lower 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 720 and 739 [OBMMIC30YFLVLE80FB720A739], retrieved from FRED.
Last Checked: 8/1/2025