Average 30 Year Home Mortgage Rate

Average rates for five year adjustable rate mortgages arms have historically offered lower initial rates than 30 year fixed rate mortgages.
Average 30 year home mortgage rate. 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. Find out how mortgage rates look in different states and whether it makes sense for you to refinance or purchase in today s market. When the housing crisis hit in 2008 the average annual 30 year fixed rate was 6 23 percent according to historical bankrate data. The average 30 year fixed va mortgage rate is 2 820 with an apr of 2 980.
My home by freddie mac resources to help you rent buy and own your home. The 15 year fixed mortgage rate fell 4 basis points to 2 49 from a week ago. The average 30 year fixed mortgage rate fell 5 basis points to 3 05 from a week ago. Visit the following link for the definitions.
Find out if freddie mac owns your loan using our secured lookup tool. Since then it has fallen considerably. Do we own your mortgage. The 30 year fixed fha mortgage rate is 2 900 with an apr of 3 560.
The 30 year fixed jumbo mortgage rate is 3 110. Additional mortgage rates can be. The average rate for a 30 year fixed rate mortgage is currently 4 90 with actual offered rates ranging from 3 63 to 7 61. 30 year fixed rate mortgages since 1971.
2 2020 the average rate on a 30 year fixed rate mortgage rose one basis point to 2 962 the average rate on a 15 year fixed rate mortgage rose two basis points to 2 533 and the. Monthly average commitment rate and points on 30 year fixed rate mortgages since. Renters buyers owners. 30 year mortgage rate is at 2 90 compared to 2 87 last week and 3 73 last year.
This is lower than the long term average of 7 93.