30-Year Fixed Rate Conforming Non-Adjusted Mortgage Index
This dataset tracks 30-year fixed rate conforming non-adjusted mortgage index over time.
Latest Value
6.49
Year-over-Year Change
-1.61%
Date Range
1/3/2017 - 8/6/2025
Summary
The 30-Year Fixed Rate Conforming Non-Adjusted Mortgage Index tracks the average interest rate for standard 30-year residential mortgages in the United States. This metric is crucial for understanding housing market conditions, lending trends, and potential impacts on consumer borrowing costs.
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 baseline mortgage rate for conventional home loans that meet standard underwriting criteria set by Fannie Mae and Freddie Mac. Economists and financial analysts use this metric to assess housing affordability, lending market health, and potential broader economic trends.
Methodology
The index is calculated by aggregating mortgage rate data from a representative sample of financial institutions across the United States, using standardized reporting methods.
Historical Context
Policymakers at the Federal Reserve and Treasury use this index to inform monetary policy decisions and assess the overall health of the housing and credit markets.
Key Facts
- Represents standard 30-year fixed mortgage rates for conforming loans
- Crucial indicator of housing market lending conditions
- Used by financial institutions and economic policymakers
FAQs
Q: What does 'conforming' mean in this context?
A: Conforming loans meet specific criteria set by Fannie Mae and Freddie Mac, including maximum loan amounts and borrower credit standards.
Q: How often is this index updated?
A: The index is typically updated weekly, reflecting current market conditions and lending rates.
Q: Why are 30-year fixed rates important?
A: They provide long-term stability for homebuyers and represent a standard benchmark for residential mortgage pricing.
Q: How do these rates impact home buying?
A: Lower rates can make home purchases more affordable by reducing monthly mortgage payments and total borrowing costs.
Q: What factors influence these mortgage rates?
A: Federal Reserve monetary policy, inflation, economic growth, and overall credit market conditions significantly impact mortgage rates.
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate Conforming Non-Adjusted Mortgage Index [OBMMIC30YFNA], retrieved from FRED.
Last Checked: 8/1/2025