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 first quarter of 2024, the 30-year fixed rate declined slightly, to 6.75 percent. Despite the cut, this was about 3.9 percentage points higher than the same quarter in 2021. 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 88 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 2.28 and 6.11 percent. Over the same period, a 30-year mortgage term averaged a fixed-rate of between 3.08 and 6.81 percent. Rates on 15-year loan terms are lower to encourage a quicker repayment, which helps to improve a homeowner’s equity.

Data for households in receipt of Support for Mortgage Interest (SMI) loans is available in Stat-Xplore on a quarterly basis.

These quarterly experimental statistics include number of households who are currently in receipt of the support as well as the number who have received SMI loans so far (see the background information and methodology note for an explanation of households).

The statistics are broken down by:

• Quarter
• Country, Region
• Qualifying Benefit

Notices

Geography data:

• geography information may not be up to date for some households. This affects the geography statistics from April 2020.

Background information

Read the background information and methodology note for guidance on these statistics, such as timeliness and interpretation.

Interactive statistics

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Next releases

Support for Mortgage Interest statistics are published quarterly. The dates for future releases are listed in the statistics release calendar.

Pre-release access

In addition to staff who are responsible for the production and quality assurance of the statistics, up to 24-hour pre-release access is provided to ministers and other officials. We publish the job titles and organisations of the people who have been granted up to 24-hour pre-release access to the latest Support for Mortgage Interest statistics.

As of August 2021, the forbearance rate of single-family housing mortgages owned by Freddie Mac in the U.S. was approximately 2.09 percent. Forbearance is a type of borrower assistance which allows the lender to negotiate a temporary postponement of a mortgage repayment. It allows a payment period relief in lieu of the creditor foreclosing on any property that was used as collateral for the loan.

Mortgage interest rates in Europe soared in 2022 and remained elevated in 2023. In many countries, this resulted in interest rates more than doubling. In Denmark, the average mortgage interest rate rose from 0.67 percent in 2021 to 4.98 percent in 2023. 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 will allow mortgage lenders to reduce mortgage interest rates. What is the impact of interest rates on homebuying? 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.

Dataset contains the reason for home mortgage applications denials in LA City disaggregated by race. Data pulled from the Consumer Financial Protection Bureau, collected by the Home Mortgage Disclosure Act, which requires many financial institutions to maintain, report, and publicly disclose information about mortgages.

The Home Mortgage Disclosure Act (HMDA) database (Consumer Financial Protection Bureau, 2022) has compiled mortgage lending data since 1981, but the collection and dissemination methods have changed over time (Federal Financial Institutions Examination Council, 2018), creating barriers to conducting longitudinal analyses. This HMDA Longitudinal Dataset (HLD) organizes and standardizes information across different eras of HMDA data collection between 1981 and 2021, enabling such analysis. This collection contains two types of datasets: 1) HMDA aggregated data by census tract for each decade and 2) HMDA aggregated data by census tract for individual years. Items for analysis include borrower income values, mortgages by loan type (e.g., conventional, Federal Housing Administration (FHA), Veterans Affairs (VA), refinances), and mortgages by borrower race and gender.

The value of mortgage applications in the United States came close to eight trillion U.S. dollars in 2021, with loan originations amounting to 4.8 trillion U.S. dollars. This includes applications for home purchase, home improvement, refinancing, cash out refinancing, and other purposes. White applicants accounted for the highest number applications and originations. The value of mortgages originated to White applicants was almost 2.9 trillion U.S. dollars, while for Black and African American applicants, this figure stood at roughly 223 billion U.S. dollars. The the value of mortgages originated to Asian applicants was higher at 415 billion U.S. dollars.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-03-20 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

30 Year Mortgage Rate in the United States increased to 6.67 percent in March 20 from 6.65 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

This comprehensive dataset covers records of mortgages classified as 30–89 days delinquent at the county level across the United States, spanning from January 2008 to March 2021. Mortgages categorized as 30–89 days delinquent pertain to home loans where the borrower has missed payments within a specific timeframe. When a borrower fails to make a mortgage payment on time, the loan becomes delinquent. A 30–89 days delinquency indicates that the borrower is late on their mortgage payment by a period ranging from 30 to 89 days. This dataset provides valuable insights into regional trends and patterns in early-stage mortgage delinquencies, making it an essential resource for economic analysis and policy formulation.

Mortgages that are 30–89 days delinquent refer to home loans where borrowers have missed one or two consecutive monthly payments, falling between 30 and 89 days past due. This delinquency status typically precedes more serious stages of delinquency, such as being 90 days or more overdue, which can result in foreclosure proceedings.

Among homeowners that were surveyed in the United States between June and July 2021, an overwhelming majority of almost 60 million were highly confident they would be able to pay the next month’s mortgage. On the other hand, over 3.8 million homeowners reported that they had no confidence to pay or would defer the next mortgage payment.

Graph and download economic data for 30-Year Fixed Rate Jumbo Mortgage Index (OBMMIJUMBO30YF) from 2017-01-03 to 2025-03-25 about jumbo, 30-year, fixed, mortgage, rate, indexes, and USA.

30-Year Fixed Rate Mortgage Average in the United States was 6.67% in March 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 March of 2025.

15-Year Fixed Rate Mortgage Average in the United States was 5.83% in March 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 March of 2025.

Total expenditure on rent for renters and on mortgages for mortgage holders, FYE 2021

Mortgages that are 30-89 days delinquent refer to home loans where the borrower has missed one or two consecutive monthly payments but has not yet reached the stage of being considered seriously delinquent or in default. These delinquencies are monitored and reported by financial institutions, credit agencies, and government bodies to assess the health of the housing market and overall economy.

Graph and download economic data for 30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF) from 2017-01-03 to 2025-03-24 about FHA, 30-year, fixed, mortgage, rate, indexes, and USA.

Mortgages that are 90 days or more delinquent refer to home loans where the borrower has failed to make payments for at least 90 consecutive days. This delinquency status is a significant indicator of financial distress for homeowners and a potential risk factor for lenders and the broader housing market. When mortgages are 90 or more delinquent, it typically indicates severe financial hardship or an inability of the borrower to meet their repayment obligations. This situation can lead to various consequences, including foreclosure proceedings initiated by the lender to recover the unpaid loan amount by repossessing the property.