However, after cutting interest rates three times last year, the Fed has held rates steady in 2025 to observe how President ...

Mortgage rates have been historic in their own right during the past few years. The average 30-year fixed rate reached an all-time record low of 2.65% in January 2021 before surging to 7.79% in ...

After a historical rate plunge in August 2021—which lowered the 30-year average to a remarkable 2.89%—mortgage rates have skyrocketed over the last two years.

30-year fixed-rate refinance The average 30-year fixed refinance rate right now is 6.90%, an increase of 2 basis points from what we saw one week ago. (A basis point is equivalent to 0.01%.) ...

Advanced Chart. Currency Converter. ... Mortgage rate history: 1970s to 2025. Andrew Dehan . Tue, ... Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, ...

After a historical rate plunge in August 2021, mortgage rates skyrocketed in the first half of 2022. The 30-year average shot to 6.38% by June 2022, which was more than double the rate of 2.89% ...

See current 30-year mortgage rates and learn about the latest trends, factors affecting rates in May 2025, and expert advice on how to save. Business Insider Subscribe Newsletters ...

The 30-year fixed rate mortgage started in 2010 just above 5%. Rates moved down slightly at the beginning of the decade, but as the Federal Reserve announced that they would be buying fewer bonds ...

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 ...

The 30-year fixed mortgage rate has gone through multiple ups and downs in the past 50-plus years. Today’s rates are not far from where rates were when Freddie Mac first began tracking them in 1971.

Freddie Mac says the average 30-year fixed-rate mortgage last week was 6.63%. That's down from the previous week's 6.69%, but up slightly from the 6.09% last year at this time. “Although affordability ...