Mortgage Rate History from 1975 to PRESENT: Rates Still LOW

An analysis of historical 30 year fixed rate mortgage interest rates show that the current interest rates are still low historically. At the peak of the interest rates 18.45% was the highest mortgage interest rates ever went. Today mortgage rates are about 6.42%.

Mortgage interest rates have dropped about 10% from their highs of 7.03% since November 2022. It is likely home mortgage rates will continue to decline into 2023 and almost certainly be lower in 2024 as inflation decreases.

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