30-Year Fixed Rate USDA Mortgage Index
This dataset tracks 30-year fixed rate usda mortgage index over time.
Latest Value
6.37
Year-over-Year Change
-2.15%
Date Range
1/3/2017 - 8/8/2025
Summary
The 30-Year Fixed Rate USDA Mortgage Index tracks the average interest rate for long-term agricultural and rural housing loans backed by the United States Department of Agriculture. This metric is crucial for understanding rural housing financing costs and agricultural lending trends.
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 standard mortgage rate for USDA-guaranteed loans in rural and agricultural regions of the United States. Economists use this trend to assess rural housing market conditions and potential investment opportunities in agricultural communities.
Methodology
The rate is calculated by surveying participating lenders and averaging their offered 30-year fixed mortgage rates for USDA-eligible properties.
Historical Context
Policymakers and financial institutions use this index to evaluate rural economic development, housing affordability, and agricultural sector lending conditions.
Key Facts
- Specifically tracks long-term mortgage rates for rural and agricultural properties
- Provides insight into rural housing market financing conditions
- Influenced by broader economic factors like Federal Reserve monetary policy
FAQs
Q: What makes USDA mortgage rates different from conventional mortgages?
A: USDA mortgages often offer lower interest rates and more flexible qualification requirements for rural property buyers. These loans are designed to encourage rural economic development.
Q: Who qualifies for a USDA mortgage?
A: Borrowers must purchase property in designated rural areas and meet specific income requirements. The program targets low to moderate-income households.
Q: How often is the USDA Mortgage Index updated?
A: The index is typically updated weekly, reflecting current market conditions and lending rates. Changes can occur more frequently during periods of significant economic shifts.
Q: How do USDA mortgage rates impact rural economic development?
A: Lower mortgage rates can stimulate rural housing markets by making homeownership more accessible. This can lead to increased property investment and community growth.
Q: What are the limitations of the USDA Mortgage Index?
A: The index only represents USDA-guaranteed loans and may not fully reflect broader mortgage market trends. It is most relevant for rural and agricultural property financing.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Housing Market Faces Threats Beyond Fed's Impact On Mortgage Rates
Unfocused Interest Rates and the Real Threats in the Housing Market The fluctuations in the 30 year mortgage rates have long been a focal concern for the US housing market, but they may not be the most significant threat. As we delve deeper, it becomes apparent that the real dangers are lurking beyond these superficial numbers. With the current interest rates climate being only one piece of the complex puzzle that defines the housing landscape, stakeholders must widen their perspective. There's
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
US 10-year Treasury yield rise signals caution for investors
How the 10-Year Treasury Yield Surge Impacts Investors and the Fixed-Income Market The 10-year Treasury yield has surged past the 4% mark, capturing the attention of investors and markets alike. This rise is not just a random development; it signals broader shifts in the economic landscape, influencing everything from bond markets to investor strategies. When the 10-year Treasury yield shifts, it sends a ripple effect through financial ecosystems, underscoring its role as a critical economic in
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
US market focused on Fed rate cut and Treasury yield impact
The Fed's Role on Interest Rates The Federal Reserve's interest rate decisions can have significant ripple effects across the U.S. economy. When the Fed announces a rate cut, it can alter the financial landscape dramatically. Such a move often affects the 10-year Treasury yield, a crucial component of the bond market that influences everything from mortgage rates to the national economic outlook. The anticipation surrounding such decisions can shape investment strategies and market expectations
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, 30-Year Fixed Rate USDA Mortgage Index [OBMMIUSDA30YF], retrieved from FRED.
Last Checked: 8/1/2025