Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-07-10 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

The rate on 15-year fixed rate mortgages in the United States decreased in the period after the Great Recession and reached its lowest level in 2021, followed by a steep increase in the next two years. In the early 1990s, the rate on a 15-year fixed rate mortgage was between six and nine percent. The rate then fell to 2.27 percent in 2021. After the Federal Reserve introduced several bank rate hikes to tackle the rising inflation, the mortgage rate soared to 6.11 percent — the highest rate observed since 2008. The rate for 30-year fixed mortgages and five-year ARM mortgages followed a similar trend.

15-Year Fixed Rate Mortgage Average in the United States was 5.80% in July 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.

15 Year Mortgage Rate in the United States increased to 5.86 percent in July 10 from 5.80 percent in the previous week. This dataset includes a chart with historical data for the United States 15 Year Mortgage Rate.

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.

Fixed 30-year mortgage rates in the United States averaged 6.77 percent in the week ending July 4 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.

United States Mortgage Fixed Rate: Mth Avg: 15 Year data was reported at 4.250 % pa in Oct 2018. This records an increase from the previous number of 4.080 % pa for Sep 2018. United States Mortgage Fixed Rate: Mth Avg: 15 Year data is updated monthly, averaging 5.680 % pa from Sep 1991 (Median) to Oct 2018, with 326 observations. The data reached an all-time high of 8.800 % pa in Jan 1995 and a record low of 2.660 % pa in Apr 2013. United States Mortgage Fixed Rate: Mth Avg: 15 Year data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s United States – Table US.M012: Mortgage Interest Rate.

Mortgage rates increased at a record pace in 2022, with the 10-year fixed mortgage rate doubling between March 2022 and December 2022. With inflation increasing, the Bank of England introduced several bank rate hikes, resulting in higher mortgage rates. In May 2025, the average 10-year fixed rate interest rate reached **** percent. As borrowing costs get higher, demand for housing is expected to decrease, leading to declining market sentiment and slower house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold declined in 2023, reaching just above *** million. Despite the number of transactions falling, this figure was higher than the period before the COVID-19 pandemic. The falling transaction volume also impacted mortgage borrowing. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans fell year-on-year for five straight quarters in a row. How are higher mortgages affecting homebuyers? Homeowners with a mortgage loan usually lock in a fixed rate deal for two to ten years, meaning that after this period runs out, they need to renegotiate the terms of the loan. Many of the mortgages outstanding were taken out during the period of record-low mortgage rates and have since faced notable increases in their monthly repayment. About **** million homeowners are projected to see their deal expire by the end of 2026. About *** million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026.

United States Mortgage Fixed Rate: Wk Ending: 15 Year: Point data was reported at 0.400 % pa in 25 Oct 2018. This stayed constant from the previous number of 0.400 % pa for 18 Oct 2018. United States Mortgage Fixed Rate: Wk Ending: 15 Year: Point data is updated weekly, averaging 0.600 % pa from Jan 2004 (Median) to 25 Oct 2018, with 773 observations. The data reached an all-time high of 0.800 % pa in 25 Jul 2013 and a record low of 0.070 % pa in 24 Nov 2011. United States Mortgage Fixed Rate: Wk Ending: 15 Year: Point data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s USA – Table US.M012: Mortgage Interest Rate.

United States Mortgage Fixed Rate: Mth Avg: 15 Year: Point data was reported at 0.400 % pa in Oct 2018. This records a decrease from the previous number of 0.500 % pa for Sep 2018. United States Mortgage Fixed Rate: Mth Avg: 15 Year: Point data is updated monthly, averaging 0.700 % pa from Sep 1991 (Median) to Oct 2018, with 326 observations. The data reached an all-time high of 1.900 % pa in Mar 1992 and a record low of 0.400 % pa in Oct 2018. United States Mortgage Fixed Rate: Mth Avg: 15 Year: Point data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s United States – Table US.M012: Mortgage Interest Rate.

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Mortgage rates in the Netherlands increased sharply in 2022 and 2023, after declining gradually between 2008 and 2021. In December 2022, the average interest rate for new mortgage loans stood at **** percent, and by the end of 2023, it had risen to **** percent. The 10-year interest rate was the lowest, at **** percent; the floating and less than one-year interest rates amounted to **** and **** percent, respectively. In early 2024, mortgage rates decreased notably. Are mortgage rates in the Netherlands different from those in other European countries? When comparing this ranking to data that covers multiple European countries, the Netherlands’ mortgage rate was similar to the rates found in Spain, the United Kingdom, and Sweden. It was, however, a lot lower than the rates in Eastern Europe. Hungary and Romania, for example, had some of the highest mortgage rates. For more information on the European mortgage market and how much the countries differ from each other, please visit this dedicated research page. How big is the mortgage market in the Netherlands? The Netherlands has overall seen an increase in the number of mortgage loans sold and is regarded as one of the countries with the highest mortgage debt in Europe. The reason behind this is that Dutch homeowners were able to for many years to deduct interest paid from pre-tax income (a system known in the Netherlands as hypotheekrenteaftrek). Total mortgage debt of Dutch households has been increasing year-on-year since 2013.

United States Mortgage Fixed Rate: Wk Ending: 15 Year data was reported at 4.020 % pa in 26 Jul 2018. This records an increase from the previous number of 4.000 % pa for 19 Jul 2018. United States Mortgage Fixed Rate: Wk Ending: 15 Year data is updated weekly, averaging 3.940 % pa from Jan 2004 (Median) to 26 Jul 2018, with 760 observations. The data reached an all-time high of 6.440 % pa in 06 Jul 2006 and a record low of 2.560 % pa in 02 May 2013. United States Mortgage Fixed Rate: Wk Ending: 15 Year data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s USA – Table US.M012: Mortgage Interest Rate.

Graph and download economic data for 30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF) from 2017-01-03 to 2025-07-10 about FHA, 30-year, fixed, mortgage, rate, indexes, and USA.

Singapore Housing Loan Rate for 15 Years: 10 Finance Co Average data was reported at 3.160 % pa in Sep 2018. This stayed constant from the previous number of 3.160 % pa for Aug 2018. Singapore Housing Loan Rate for 15 Years: 10 Finance Co Average data is updated monthly, averaging 6.160 % pa from Jan 1983 (Median) to Sep 2018, with 429 observations. The data reached an all-time high of 12.420 % pa in Jan 1983 and a record low of 2.870 % pa in Jul 2013. Singapore Housing Loan Rate for 15 Years: 10 Finance Co Average data remains active status in CEIC and is reported by Monetary Authority of Singapore. The data is categorized under Global Database’s Singapore – Table SG.M001: Lending Rate.

Type of Mortgage Loan:Conventional Mortgage Loans: Backed by private investors and typically require a down payment of 20% or more.Jumbo Loans: Loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.Government-insured Mortgage Loans: Backed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), or U.S. Department of Agriculture (USDA).Others: Includes non-QM loans, reverse mortgages, and shared equity programs.Mortgage Loan Terms:30-year Mortgage: The most common term, offering low monthly payments but higher overall interest costs.20-year Mortgage: Offers a shorter repayment period and lower long-term interest costs.15-year Mortgage: The shortest term, providing lower interest rates and faster equity accumulation.Others: Includes adjustable-rate mortgages (ARMs) and balloons loans.Interest Rate:Fixed-rate Mortgage Loan: Offers a stable interest rate over the life of the loan.Adjustable-rate Mortgage Loan (ARM): Offers an initial interest rate that may vary after a certain period, potentially leading to higher or lower monthly payments.Provider:Primary Mortgage Lender: Originates and services mortgages directly to borrowers.Secondary Mortgage Lender: Purchases mortgages from originators and packages them into securities for sale to investors. Key drivers for this market are: Digital platforms and AI-driven credit assessments have simplified the application process, improving accessibility and borrower experience. Potential restraints include: Fluctuations in interest rates significantly impact borrowing costs, affecting loan demand and affordability. Notable trends are: The adoption of online portals and mobile apps is transforming the mortgage process with faster approvals and greater transparency.

Origination Fees and Discount Points for 15-Year Fixed Rate Mortgage in the United States was 1.00% in November of 2022, according to the United States Federal Reserve. Historically, Origination Fees and Discount Points for 15-Year Fixed Rate Mortgage in the United States reached a record high of 2.00 in January of 1992 and a record low of 0.30 in August of 2006. Trading Economics provides the current actual value, an historical data chart and related indicators for Origination Fees and Discount Points for 15-Year Fixed Rate Mortgage in the United States - last updated from the United States Federal Reserve on July of 2025.

United States WAS: Effective Rate: FRM 15-Year data was reported at 4.340 % in 20 Jul 2018. This records an increase from the previous number of 4.320 % for 13 Jul 2018. United States WAS: Effective Rate: FRM 15-Year data is updated weekly, averaging 6.140 % from Jan 1990 (Median) to 20 Jul 2018, with 1490 observations. The data reached an all-time high of 10.960 % in 27 Apr 1990 and a record low of 2.890 % in 03 May 2013. United States WAS: Effective Rate: FRM 15-Year data remains active status in CEIC and is reported by Mortgage Bankers Association. The data is categorized under Global Database’s USA – Table US.M013: Weekly Applications Survey: Mortgage Interest Rate.

The average mortgage interest rate in Spain followed a downward trend for almost a decade before increasing dramatically in 2022. In 2023, new housing loans had an average interest rate of 3.74 percent - about three times the interest rate in 2020. Mortgages with a five to 10-year term were the only product which saw rates decline between 2022 and 2023. Why did mortgage rates spike? Macroeconomic factors, such as inflation, economic growth, and fiscal policy, play a major role in determining the cost of a loan. Inflation in Europe started rising in late 2021, largely due to surging energy costs. In Spain, the annual change of the consumer price index peaked at almost 11 percent in July 2023. The European Central Bank has responded by introducing a series of hikes on the key interest rates (main refinancing operations, marginal lending facility, and deposit facility), which have affected lending rates across the European Union. How has the housing market reacted to the interest rate hike? The housing market follows a certain seasonality, with more home sales in the second and fourth quarters of the year. This was also the case in 2022, but the last quarter of the year saw an annual decline. Though compared to previous years, the number of transactions was one of the highest, the annual decrease shows a potential downturn.

Car loan interest rates in the United States decreased since mid-2024. Thus, the period of rapidly rising interest rates, when they increased from 3.85 percent in December 2021 to 7.91 percent in February 2024, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too. How many cars have financing in the United States? Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2024 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans. The car industry in the United States The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.