The average rate on a 30-year fixed mortgage decreased for the second consecutive week to a 9-week low of 6.58% as of November 23rd, down from 6.61% last week, and compared to 3.10% a year ago, according to a survey of lenders by mortgage giant Freddie Mac. The 15-year fixed-rate mortgage averaged 5.90%, falling from 5.98% last week but above 2.42% a year ago. “Mortgage rates continued to tick down heading into the Thanksgiving holiday,” said Sam Khater, Freddie Mac’s Chief Economist. “In recent weeks, rates have hit above seven percent only to drop by almost half a percentage point. This volatility is making it difficult for potential homebuyers to know when to get into the market, and that is reflected in the latest data which shows existing home sales slowing across all price points.” source: Freddie Mac
30 Year Mortgage Rate in the United States averaged 7.76 percent from 1971 until 2022, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate. United States 30 Year Mortgage Rate - values, historical data and charts - was last updated on November of 2022.