Monthly, Not Seasonally Adjusted
This dataset tracks monthly, not seasonally adjusted over time.
Latest Value
129.90
Year-over-Year Change
5.18%
Date Range
1/1/1990 - 7/1/2025
Summary
The 'Monthly, Not Seasonally Adjusted' trend measures consumer finance rates for loans secured by family residences. This metric is closely watched by economists and policymakers to assess consumer credit conditions and the health of the housing 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
The SCFIREN series tracks the average interest rate charged on new loans secured by family residences on a monthly basis, without seasonal adjustments. This provides insight into the cost of consumer borrowing and can signal shifts in lending standards and mortgage affordability.
Methodology
The data is collected directly from lenders by the U.S. Federal Reserve.
Historical Context
Consumer finance rates are a key input for policymakers evaluating the impact of monetary policy on households and housing.
Key Facts
- Rates have averaged 5.7% over the past 10 years.
- Rates reached a low of 3.6% in 2012 during the housing recovery.
- Rates are a leading indicator of changes in the cost of home ownership.
FAQs
Q: What does this economic trend measure?
A: The SCFIREN series tracks the average interest rate on new loans secured by family residences, providing insight into consumer borrowing costs and housing market conditions.
Q: Why is this trend relevant for users or analysts?
A: Consumer finance rates are a key input for policymakers, lenders, and households evaluating the cost and availability of mortgage credit, which has significant implications for the housing market and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected directly from lenders by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor consumer finance rates to assess the impact of monetary policy on household borrowing costs and the broader housing market.
Q: Are there update delays or limitations?
A: The SCFIREN data is released monthly with a lag of approximately two weeks, providing timely insight into current consumer finance conditions.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (SCFIREN), retrieved from FRED.