The average fixed 30-year mortgage rate fell 1 bps to a fresh record low of 3.00 percent in the week ended October 9th 2020, data from the Mortgage Bankers Association showed.
Mortgage Rate in the United States averaged 6.14 percent from 1990 until 2020, reaching an all time high of 10.56 percent in April of 1990 and a record low of 3 percent in October of 2020. This page provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States MBA 30-Yr Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Mortgage Bankers Association of America
Mortgage Rate in the United States is expected to be 4.45 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Rate in the United States to stand at 3.07 in 12 months time. In the long-term, the United States MBA 30-Yr Mortgage Rate is projected to trend around 4.70 percent in 2021 and 3.07 percent in 2022, according to our econometric models.