30-Year Fixed Rate FHA Mortgage Index
This dataset tracks 30-year fixed rate fha mortgage index over time.
Latest Value
6.41
Year-over-Year Change
-0.80%
Date Range
1/3/2017 - 8/6/2025
Summary
The 30-Year Fixed Rate FHA Mortgage Index tracks the average interest rate for 30-year fixed-rate mortgages insured by the Federal Housing Administration (FHA). This metric is crucial for understanding housing affordability, lending conditions, and broader economic trends in the U.S. real estate market.
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 typical mortgage rate for government-backed home loans with a 30-year term and fixed interest rate. Economists and financial analysts use this data to assess lending conditions, housing market health, and potential impacts on consumer borrowing and housing affordability.
Methodology
The index is calculated by aggregating mortgage rate data from a representative sample of FHA-approved lenders across the United States.
Historical Context
Policymakers and central banks use this index to inform monetary policy decisions, assess housing market conditions, and understand potential economic stimulus or cooling strategies.
Key Facts
- FHA loans typically allow lower down payments compared to conventional mortgages
- The index reflects government-backed mortgage lending conditions
- Rates can significantly impact home buying affordability and market activity
FAQs
Q: What makes FHA mortgage rates different from conventional rates?
A: FHA loans are government-insured, typically allowing lower credit scores and smaller down payments compared to conventional mortgages. This makes them more accessible to first-time homebuyers and those with limited financial resources.
Q: How often do FHA mortgage rates change?
A: FHA mortgage rates can fluctuate daily based on economic conditions, Federal Reserve policies, and broader financial market trends. Lenders adjust rates in response to changes in the bond market and overall economic indicators.
Q: How is the OBMMIFHA30YF index calculated?
A: The index is compiled by collecting mortgage rate data from a representative sample of FHA-approved lenders across the United States, then calculating a weighted average of these rates.
Q: Why do economists track this mortgage rate index?
A: This index provides insights into housing market conditions, lending accessibility, and potential economic trends related to real estate and consumer borrowing.
Q: What are the limitations of this mortgage rate index?
A: The index represents average rates and may not reflect individual borrower experiences, which can vary based on credit score, location, and specific lender policies.
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate FHA Mortgage Index [OBMMIFHA30YF], retrieved from FRED.
Last Checked: 8/1/2025