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Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, rising just above 16 percent. The average 30-year fixed rate bottomed in 2021 at just under 3 percent.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
Average mortgage rates edge higher for 30-year and 15-year terms as of Wednesday, December 18, 2024, as the Federal Reserve is set to conclude its final policy session of the year.
Rates on a 15-year mortgage stand at an average 6.18% for purchase and 6.22% for refinance, down 6 basis points from 6.24% for purchase and 4 basis points from 6.26% for refinance this time last week.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...