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   When did mortgage rates start?

   • Thanks to Freddie Mac, there’s solid data available for 30-year fixed-rate mortgage rates beginning in 1971. Rates in 1971 were in the 7.5% range, and they moved up steadily until they were at 10.03% in 1974. They briefly dipped into the mid- to high 8% range before climbing to 12.9% in 1979.

   Historical Mortgage Rates: 1971 To The Present

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   Are mortgage rates historic?

   • Mortgage rates have been historic in their own right during the past few years. The average 30-year fixed rate reached an all-time record low of 2.65% in January 2021 before surging to 7.79% in October 2023, according to Freddie Mac.

   Historical Mortgage Rates: See Averages and Trends by Decade - U.S. N…

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   What did mortgage rates look like in the 1970s?

   • Here’s a snapshot of what rates looked like from the 1970s until today. Mortgage rates started high at the beginning of the 1970s, around 7.3%, according to Freddie Mac’s historical data. Plagued by high inflation and the costly economic impact of the Vietnam War, average mortgage rates reached 12.9% by 1979.

   Mortgage Rates History – Forbes Advisor

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   What was the average mortgage rate in 1971?

   • The average rate in 1971 was 7.54%. In 2020, the average rate was 3.11%, and it may be a while before rates go this low again. As of the final week in September 2023, the average interest rate on a 30-year fixed-rate mortgage was above 7.3%, with the potential to rise even further this year.

   Historical Mortgage Rates: 1971 To The Present

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2. themortgagereports.com › 61853 › 30-yMortgage Rates Chart | Historical and Current Rate Trends

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   5 days ago · See how mortgage rates have changed over time, from the historic lows of 2020 and 2021 to the current highs of 2022 and 2023. Learn what factors affect your rate and how to find the best deal for your home loan.

   • Occupation: Contributor

3. money.usnews.com › historical-mortgage-ratesHistorical Mortgage Rates: See Averages and Trends by Decade

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   Nov 22, 2023 · Mortgage rates have been historic in their own right during the past few years. The average 30-year fixed rate reached an all-time record low of 2.65% in January 2021 before surging to...

   • Author: Erika Giovanetti

   • Occupation: Loans Expert And Reporter

   • What's the Lowest Mortgage Rate in History?

     The average 30-year fixed mortgage rate reached an all-time record low of 2.65% in January 2021, according to Freddie Mac. Starting in March 2020,...
   • What's the Highest Mortgage Rate in History?

     From 1971 to present, the highest average mortgage rate ever recorded was 18.63% in October 1981. Mortgage rates held steady above 18% in the two-m...
   • Will Mortgage Rates Ever Fall Below 3% Again?

     It's safe to say that the sub-3% mortgage rates observed during the COVID-19 pandemic were an anomaly. Besides the fact that the Fed held the bench...
   • When Will Mortgage Rates Go Down?

     Our latest mortgage forecast finds that rates are likely to decline during the fall and winter months of 2023, but they aren't expected to drop bel...
   • Why Are Mortgage Rates So High Right Now?

     Today's high mortgage rates are a byproduct of the Fed's battle against inflation. Fed officials have raised the benchmark rate 11 times since 2022...

4. fred.stlouisfed.org › series › MORTGAGE30US30-Year Fixed Rate Mortgage Average in the United States

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   3 days ago · 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US) 2024-05-23: 6.94 | Percent | Weekly, Ending Thursday | Updated: May 23, 2024 11:06 AM CDT

5. www.bankrate.com › mortgages › historical-mortgage-ratesMortgage Rate History: 1970s to 2024 | Bankrate

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   Apr 8, 2024 · Key takeaways. Looking at the past four decades, the average rate on a 30-year mortgage peaked in 1981, rising to roughly 16 percent. The average 30-year rate bottomed in 2021 at just under 3...

6. www.valuepenguin.com › historical-mortgage-ratesHistorical Mortgage Rates: Averages and Trends from the 1970s ...

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   Dec 29, 2022 · Learn how mortgage rates have changed over time due to various factors, such as inflation, Fed policy and market conditions. Compare 30-year and 15-year fixed rates, and see how historical rates affect buying and refinancing decisions.

   • Occupation: Senior Writer, Home Loans

7. Videos

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     40 Years of Mortgage History | Interest Rates From 1980-2023 - A Comprehensive Analysis

     Sep 11, 2023

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     Mortgage Rate History from 1975 to PRESENT: Rates Still LOW

     Jan 3, 2023

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     Compare the US Average Historic Mortgage Rate vs Current Mortgage Rates

     Nov 16, 2022

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8. www.rocketmortgage.com › learn › historical-mortgageHistorical Mortgage Rates: 1971 To The Present

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   Apr 18, 2024 · Learn how 30-year fixed-rate mortgage rates have changed over the past five decades, from the highs of the 1980s to the lows of the 2020s. See the factors that influenced interest rates and the current trends as of 2023.

9. www.forbes.com › mortgages › mortgage-rates-historyMortgage Rates History – Forbes Advisor

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   Dec 29, 2022 · Learn how mortgage rates have fluctuated in the last 50 years and what factors influence them. See historical data, trends and forecasts for the 2020s.