Despite forecasts for mortgage rates to slowly ease in 2025, buying a home is still too expensive for most people. The ...

Treasury yield, which ended Friday at 4.83%, has been showing a pattern that’s not exactly according to plan. Click to read.

Fast-forward to October 2023, and the 30-year mortgage rate broke through 8 percent — an average not seen since 2000. For most of 2024, mortgage rates lingered in the 6s and 7s.

In April, 30-year mortgage rates averaged 6.71%, ... This chart shows how 30-year and 15-year rates have trended over the last year, according to Freddie Mac data.

The 30-year mortgage rate spiked and receded throughout the 1980s. It peaked in October 1981, reaching an average rate of 18.45%, which is the highest rate ever recorded.

The lowest 30-year fixed mortgage rate since 1971 was 2.65% in January 2021, according to Freddie Mac. The rock-bottom rate resulted from the FOMC dropping the federal funds rate to 0% during the ...

While rates peaked at 7.79% in October 2023, this still pales compared to the spikes in the early 1980s when the 30-year fixed rate exceeded 18%. Rates are often a reflection of what’s happening ...

Historical Mortgage Rates Chart. More. Getty Images. ... The average 30-year fixed mortgage rate reached an all-time record low of 2.65% in January 2021, according to Freddie Mac.

"With borrowing costs elevated, buyers can take steps to reduce their housing expenses by securing a lower mortgage rate," said Hannah Jones, senior research analyst at Realtor.co ...

The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac. By 1979, the rate had risen to an ...

Here's what today's 30-year mortgage rates look like. Compare current interest rates to determine if a 30-year home loan is right for you.