The median mortgage rate was the highest among Black and Hispanic mortgage applicants in the third quarter of 2023, followed closely by White applicants. Asian mortgage applicants for conventional conforming loans had lower interest rate, amounting to 6.63 percent.

30 Year Mortgage Rate in the United States decreased to 6.67 percent in July 3 from 6.77 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-07-03 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

Interactive historical chart showing the 30 year fixed rate mortgage average in the United States since 1971.

Fixed 30-year mortgage rates in the United States averaged 6.79 percent in the week ending June 27 of 2025. This dataset 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.

After a period of gradual decline, the average annual rate on a 30-year fixed-rate mortgage in the United States rose to **** percent in 2023, up from the record-low **** percent in 2021. In 2024, interest rates declined slightly. The rate for 15-year fixed mortgages and five-year ARM mortgages followed a similar trend. This was a result of the Federal Reserve increasing the bank rate - a measure introduced to tackle the rising inflation. U.S. home prices going through the roof Mortgage rates have a strong impact on the market – the lower the rate, the lower the loan repayment. The rate on a 30-year fixed-rate mortgage decreasing after the Great Recession has stimulated the market and boosted home sales. Another problem consumers face is the fact that house prices are rising at an unaffordable level. The median sales price of a new home sold surged in 2021, while the median weekly earnings of a full-time employee maintained a more moderate increase. What are the differences between 15-year and 30-year mortgages? Two of the most popular loan terms available to homebuyers are the 15-year fixed-rate mortgage and the 30-year fixed-rate mortgage. The 30-year option appeals to more consumers because the repayment is spread out over 30 years, meaning the monthly payments are lower. Consumers choosing the 15-year option will have to pay higher monthly payments but benefit from lower interest rates.

Mortgage Rate in Sweden decreased to 3.03 percent in May from 3.13 percent in April of 2025. This dataset includes a chart with historical data for Sweden Average Interest Rate on New Agreements for Mortgages to Households.

Mortgage interest rates in Europe soared in 2022 and remained elevated in the following two years. In many countries, this resulted in interest rates more than doubling. In the UK, the average mortgage interest rate rose from **** percent in 2020 to **** percent in 2023, before falling to **** in 2024. Why did mortgage interest rates increase? Mortgage rates have risen as a result of the European Central Bank (ECB) interest rate increase. The ECB increased its interest rates to tackle inflation. As inflation calms, the ECB is expected to cut rates, which allows mortgage lenders to reduce mortgage interest rates. What is the impact of interest rates on home buying? Lower interest rates make taking out a housing loan more affordable, and thus, encourage homebuying. That can be seen in many countries across Europe: In France, the number of residential properties sold rose in the years leading up to 2021, and fell as interest rates increased. The number of houses sold in the UK followed a similar trend.

United States Mortgage Debt Outstanding: Effective Interest Rate data was reported at 3.799 % in Mar 2020. This records a decrease from the previous number of 3.872 % for Dec 2019. United States Mortgage Debt Outstanding: Effective Interest Rate data is updated quarterly, averaging 7.677 % from Mar 1977 (Median) to Mar 2020, with 173 observations. The data reached an all-time high of 11.449 % in Mar 1985 and a record low of 3.750 % in Dec 2017. United States Mortgage Debt Outstanding: Effective Interest Rate data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.KB025: Mortgage Interest Paid. [COVID-19-IMPACT]

The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate. The table shows the latest available data from the national authorities as well as the values from three months ago and one year ago. The data are updated continuously.

Graph and download economic data for 5/1-Year Adjustable Rate Mortgage Average in the United States (DISCONTINUED) (MORTGAGE5US) from 2005-01-06 to 2022-11-10 about adjusted, mortgage, interest rate, interest, 5-year, rate, and USA.

Graph and download economic data for 30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF) from 2017-01-03 to 2025-07-02 about FHA, 30-year, fixed, mortgage, rate, indexes, and USA.

In the United States, interest rates for all mortgage types started to increase in 2021. This was due to the Federal Reserve introducing a series of hikes in the federal funds rate to contain the rising inflation. In the fourth quarter of 2024, the 30-year fixed rate rose slightly, to **** percent. Despite the increase, the rate remained below the peak of **** percent in the same quarter a year ago. Why have U.S. home sales decreased? Cheaper mortgages normally encourage consumers to buy homes, while higher borrowing costs have the opposite effect. As interest rates increased in 2022, the number of existing homes sold plummeted. Soaring house prices over the past 10 years have further affected housing affordability. Between 2013 and 2023, the median price of an existing single-family home risen by about ** percent. On the other hand, the median weekly earnings have risen much slower. Comparing mortgage terms and rates Between 2008 and 2023, the average rate on a 15-year fixed-rate mortgage in the United States stood between **** and **** percent. Over the same period, a 30-year mortgage term averaged a fixed-rate of between **** and **** percent. Rates on 15-year loan terms are lower to encourage a quicker repayment, which helps to improve a homeowner’s equity.

Mortgage interest rates worldwide varied greatly in 2024, from less than **** percent in many European countries, to as high as ** percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

Mortgage credit interest rate, percent in Brazil, March, 2025 The most recent value is 10.91 percent as of March 2025, an increase compared to the previous value of 9.98 percent. Historically, the average for Brazil from March 2011 to March 2025 is 9.01 percent. The minimum of 6.63 percent was recorded in May 2021, while the maximum of 11.41 percent was reached in July 2023. | TheGlobalEconomy.com

15-Year Fixed Rate Mortgage Average in the United States was 5.89% in June of 2025, according to the United States Federal Reserve. Historically, 15-Year Fixed Rate Mortgage Average in the United States reached a record high of 8.89 in December of 1994 and a record low of 2.10 in July of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for 15-Year Fixed Rate Mortgage Average in the United States - last updated from the United States Federal Reserve on July of 2025.

30-Year Fixed Rate Mortgage Average in the United States was 6.77% in June of 2025, according to the United States Federal Reserve. Historically, 30-Year Fixed Rate Mortgage Average in the United States reached a record high of 18.63 in October of 1981 and a record low of 2.65 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for 30-Year Fixed Rate Mortgage Average in the United States - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for 1-Year Adjustable Rate Mortgage Average in the United States (DISCONTINUED) (MORTGAGE1US) from 1984-01-06 to 2015-12-31 about 1-year, adjusted, mortgage, interest rate, interest, rate, and USA.

Graph and download economic data for Contract Rate on 30-Year, Fixed-Rate Conventional Home Mortgage Commitments (DISCONTINUED) (MORTG) from Apr 1971 to Sep 2016 about conventional, 30-year, mortgage, interest rate, interest, rate, and USA.

Mortgage credit interest rate, percent in Norway, March, 2025 The most recent value is 5.65 percent as of March 2025, no change compared to the previous value of 5.65 percent. Historically, the average for Norway from December 2013 to March 2025 is 3.22 percent. The minimum of 1.81 percent was recorded in August 2021, while the maximum of 5.73 percent was reached in March 2024. | TheGlobalEconomy.com