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May 22, 2024 · By July 2020, the 30-year fixed rate fell below 3% for the first time. And it kept falling to a new record low of just 2.65% in January 2021. The average mortgage rate for that year was 2.96%.
- Contributor
Feb 5, 2024 · At the same time, the average 3-month CD rate hit 18.65%. But these historically high interest rates were tempered by high inflation rates—13.30% in 1979 and 12.40% in 1980. The 1980s also began ...
Today's national 30-year mortgage interest rate trends For today, Friday, June 07, 2024, the current average interest rate for a 30-year fixed mortgage is 7.06%, decreasing 11 basis points over ...
May 21, 2024 · The Federal Reserve responded with several interest rate cuts. Average three-month CD rates fell to 5.91% by May 1991, 4% by April 1992 and 3.09% by April 1993. But after the Fed increased rates ...
- Ashley Donohoe
Mar 1, 2024 · Average CD rates have shot up in the past couple of years. In June 2021, one-year CDs averaged 0.18 percent APY and five-year CDs averaged 0.39 percent APY. In September 2023, one-year CDs ...
Feb 14, 2024 · Prices grew at an average annual rate of 1.5% between 1952 and 1965. By 1966, though, prices were up by 4.5%, before rising to 5.75% in 1969, an almost two decade high. The Fed reacted by ...
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Here are Bankrate's top picks for banks with the best CD rates. Popular Direct — 3 months - 5 years, 4.25% – 5.30% APY, $10,000 minimum deposit. America First Credit Union — 3 months - 5 ...