Home interest rates today 30 year fixed

The cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees. For home equity lines, the APR is just the interest rate.

Table of Contents Show

Historical Data
Related Indicators
What is the interest rate on a 30
What is the lowest 30
Is 4% a good interest rate for a house?

The 30 Year Mortgage Rate is the fixed interest rate that US home-buyers would pay if they were to take out a loan lasting 30 years. There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments.

30 Year Mortgage Rate is at 6.33%, compared to 6.49% last week and 3.11% last year. This is lower than the long term average of 7.76%.

ReportPrimary Mortgage Market SurveyCategoryInterest Rates

RegionUnited StatesSourceFreddie Mac

Stats

Last Value6.33%Latest PeriodDec 08 2022Last UpdatedDec 8 2022, 12:11 ESTNext ReleaseDec 15 2022, 10:00 ESTLong Term Average7.76%Average Growth Rate0.33%

Value from Last Week6.49%Change from Last Week-2.47%Value from 1 Year Ago3.11%Change from 1 Year Ago103.5%FrequencyWeeklyUnitPercentAdjustmentN/ANotesAverage U.S. 30 year mortgage rate.

Historical Data

View and export this data back to 1971. Upgrade now.

DateValueDecember 08, 20226.33%December 01, 20226.49%November 23, 20226.58%November 17, 20226.61%November 10, 20227.08%November 03, 20226.95%October 27, 20227.08%October 20, 20226.94%October 13, 20226.92%October 06, 20226.66%September 29, 20226.70%September 22, 20226.29%September 15, 20226.02%September 08, 20225.89%September 01, 20225.66%August 25, 20225.55%August 18, 20225.13%August 11, 20225.22%August 04, 20224.99%July 28, 20225.30%July 21, 20225.54%July 14, 20225.51%July 07, 20225.30%June 30, 20225.70%June 23, 20225.81%

DateValueJune 16, 20225.78%June 09, 20225.23%June 02, 20225.09%May 26, 20225.10%May 19, 20225.25%May 12, 20225.30%May 05, 20225.27%April 28, 20225.10%April 21, 20225.11%April 14, 20225.00%April 07, 20224.72%March 31, 20224.67%March 24, 20224.42%March 17, 20224.16%March 10, 20223.85%March 03, 20223.76%February 24, 20223.89%February 17, 20223.92%February 10, 20223.69%February 03, 20223.55%January 27, 20223.55%January 20, 20223.56%January 13, 20223.45%January 06, 20223.22%December 30, 20213.11%

Basic Info

30 Year Mortgage Rate is at 6.33%, compared to 6.49% last week and 3.11% last year. This is lower than the long term average of 7.76%.

ReportPrimary Mortgage Market SurveyCategoryInterest Rates

RegionUnited StatesSourceFreddie Mac

Stats

Last Value6.33%Latest PeriodDec 08 2022Last UpdatedDec 8 2022, 12:11 ESTNext ReleaseDec 15 2022, 10:00 ESTLong Term Average7.76%Average Growth Rate0.33%

Value from Last Week6.49%Change from Last Week-2.47%Value from 1 Year Ago3.11%Change from 1 Year Ago103.5%FrequencyWeeklyUnitPercentAdjustmentN/ANotesAverage U.S. 30 year mortgage rate.

US Housing

15 Year Mortgage Rate5.67%US Building Permits MoM-2.43%US Existing Home Sales MoM-5.94%US Home Ownership Rate66.00%US Home Vacancy Rate0.90%

US Housing Starts MoM-4.23%US New Single Family Houses Sold632.00KUS New Single Family Houses Sold MoM7.48%US Pending Home Sales MoM-4.58%US Pending Home Sales YoY-37.01%US Rental Vacancy Rate6.00%

Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Treasury-Index (T-Bill) or the Secured Overnight Financing Rate (SOFR) published daily by the New York Fed. Bank of America ARMs generally use SOFR as the basis for ARM interest rate adjustments. Note: Bank of America is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by Bank of America.

Your monthly payment may fluctuate as the result of any interest rate changes, and a lender may charge a lower interest rate for an initial portion of the loan term. Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period (the time between interest rate recalculations) and the life of the loan.

On November 17, 2022, Freddie Mac changed the methodology of the Primary Mortgage Market Survey® (PMMS®). The weekly mortgage rate is now based on applications submitted to Freddie Mac from lenders across the country. For more information regarding Freddie Mac’s enhancement, see their research note.

Data are provided “as is” by Freddie Mac®, with no warranties of any kind, express or implied, including but not limited to warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. Use of the data is at the user’s sole risk. In no event will Freddie Mac be liable for any damages arising out of or related to the data, including but not limited to direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability, even if Freddie Mac is aware of the possibility of such damages.

Suggested Citation:

Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, December 12, 2022.

What is the interest rate on a 30

On Friday, December 09, 2022, the current average rate for a 30-year fixed mortgage is 7.32%, increasing 15 basis points over the last seven days. If you're looking to refinance, today's national 30-year fixed refinance rate is 7.30%, increasing 15 basis points since the same time last week.

What is the lowest 30

2021: The lowest 30-year mortgage rates ever And it kept falling to a new record low of just 2.65% in January 2021. However, record-low rates were largely dependent on accommodating, Covid-era policies from the Federal Reserve.

Is 4% a good interest rate for a house?

Right now, an interest rate around 4 percent is considered good, says Tim Milauskas, a loan officer at First Home Mortgage in Millersville, Maryland. When you shop for mortgages, the rates you're offered will be driven mostly by your credit, Milauskas says.

home interest rates today year fixed