30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Less Than 680
This dataset tracks 30-year fixed rate conforming mortgage index: loan-to-value less than or equal to 80, fico score less than 680 over time.
Latest Value
6.83
Year-over-Year Change
-1.49%
Date Range
1/3/2017 - 8/5/2025
Summary
This economic indicator tracks the 30-year fixed-rate mortgage interest rates for conforming loans with specific credit and down payment characteristics. The metric provides critical insight into lending conditions for borrowers with lower credit scores and smaller down payments.
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 pricing for borrowers with FICO scores below 680 and loan-to-value ratios at or under 80%. Economists use this data to assess credit market accessibility and potential risk factors in residential lending.
Methodology
Data is collected through comprehensive surveys of mortgage lenders, tracking actual interest rates offered to borrowers meeting specific credit and down payment criteria.
Historical Context
Policymakers and financial analysts use this trend to evaluate credit market health, lending standards, and potential economic barriers for homebuyers with moderate credit profiles.
Key Facts
- Tracks mortgage rates for borrowers with credit scores below 680
- Focuses on loans with 80% or less loan-to-value ratio
- Provides insight into lending conditions for moderate-credit borrowers
FAQs
Q: What does this mortgage index indicate?
A: The index shows average 30-year fixed mortgage rates for borrowers with lower credit scores and substantial down payments. It helps understand lending conditions for borrowers with moderate credit profiles.
Q: Why are FICO scores important in this index?
A: FICO scores reflect borrower creditworthiness, with scores below 680 typically indicating higher lending risk. This index specifically tracks rates for borrowers in this credit category.
Q: How is the loan-to-value ratio calculated?
A: Loan-to-value ratio is determined by dividing the loan amount by the property's appraised value. In this index, the ratio is 80% or less, indicating a substantial down payment.
Q: How do lenders use this index?
A: Lenders use this index to benchmark mortgage pricing, assess credit risk, and develop lending strategies for borrowers with moderate credit profiles.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this index periodically, reflecting current market conditions and lending trends. Exact update frequency can vary.
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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 Less Than 680 [OBMMIC30YFLVLE80FLT680], retrieved from FRED.
Last Checked: 8/1/2025