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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.
See today's average mortgage rates for a 30-year fixed ... by 25 basis points to a range of 4.25% to 4.50% — its lowest rate since February 2023. ... owned a principal residence within the past ...
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Rates on a 15-year mortgage stand at an average 6.39% for purchase and 6.42% for refinance, up 5 basis points from 6.34% for purchase and up 9 basis points from 6.33% for refinance over the past ...
The effective federal funds rate over time, through December 2023. This is a list of historical rate actions by the United States Federal Open Market Committee (FOMC). The FOMC controls the supply of credit to banks and the sale of treasury securities. The Federal Open Market Committee meets every two months during the fiscal year.
The average rate on the 30-year fixed mortgage was 7.18% last week after surging to 7.24% the week prior. Here's why 7% mortgage rates are so much worse for buyers now than 20 years ago [Video ...