US mortgage rates since 1971
The average 30-year fixed mortgage rate in the US was 7.24% in the week to 29 October 2026, and the 15-year rate was 6.60%. Pick any month since April 1971 to see the average rate then and what it means for a monthly payment, or compare two months to see how much the same loan would cost.
Updated 4 November 2026. Source: Freddie Mac, Primary Mortgage Market Survey (PMMS). Prices of everyday goods: US average prices since 1980. Overall inflation each month: US inflation tracker.
The average 30-year fixed rate was 6.25% in October 2025 and 7.33% in October 2026, a change of +1.08 percentage points. On a $300,000 30-year loan, the monthly principal and interest payment goes from $1,847 to $2,063 (+$216 a month, or +$77,760 over 30 years).
Mortgage rate in any month
In July 2008, the average 30-year fixed mortgage rate was 6.43%, based on 5 weekly readings from 6.26% to 6.63%. The 15-year fixed rate averaged 5.97%. At 6.43%, a $300,000 30-year loan costs $1,882 a month in principal and interest. The record monthly averages are 18.45% in October 1981 and 2.68% in December 2020.
Key figures
- In the week to 29 October 2026, the average 30-year fixed mortgage rate in the US was 7.24% and the 15-year rate was 6.60%. A year earlier (week of 30 October 2025) the 30-year rate was 6.17%, a change of +1.07 percentage points. #
- The last time the weekly rate was this low or lower was the week of 24 September 2026 (7.03%). #
- The highest weekly rate since the survey began on 2 April 1971 was 18.63% in the week of 9 October 1981; the highest monthly average was 18.45% in October 1981 and the highest yearly average 16.64% in 1981. #
- The lowest weekly rate was 2.65% in the week of 7 January 2021; the lowest monthly average was 2.68% in December 2020 and the lowest yearly average 2.96% in 2021. #
- On a $300,000 30-year loan, the latest weekly rate of 7.24% means a monthly principal and interest payment of $2,044, against $1,209 at the record low of 2.65% and $1,832 a year earlier at 6.17%. #
- The 15-year fixed rate (surveyed since 30 August 1991) was 6.60% in the latest week, 0.64 percentage points below the 30-year rate. On a $300,000 loan, that is $2,630 a month over 15 years against $2,044 over 30 years. #
Last 12 months
Monthly averages of the weekly rates, with the monthly principal and interest payment on a $300,000 30-year loan at each month's average 30-year rate.
| Month | 30-year fixed | 15-year fixed | Weeks | Payment on $300,000 |
|---|---|---|---|---|
| October 2026 | 7.33% | 6.66% | 5 | $2,063 |
| September 2026 | 6.86% | 6.20% | 4 | $1,968 |
| August 2026 | 6.67% | 5.98% | 4 | $1,930 |
| July 2026 | 6.54% | 5.91% | 5 | $1,904 |
| June 2026 | 6.49% | 5.82% | 4 | $1,894 |
| May 2026 | 6.44% | 5.79% | 4 | $1,884 |
| April 2026 | 6.33% | 5.68% | 5 | $1,863 |
| March 2026 | 6.18% | 5.56% | 4 | $1,834 |
| February 2026 | 6.05% | 5.43% | 4 | $1,808 |
| January 2026 | 6.10% | 5.44% | 4 | $1,818 |
| December 2025 | 6.19% | 5.48% | 5 | $1,835 |
| November 2025 | 6.24% | 5.51% | 4 | $1,845 |
Mortgage rates by year since 1971
Average of the weekly rates in each calendar year, with the highest and lowest weekly 30-year rate. Each row has its own link, for example #year-1981 or #year-2021.
| Year | 30-year average | 30-year high (week) | 30-year low (week) | 15-year average | Weeks |
|---|---|---|---|---|---|
| 2026 (to date) | 6.52% | 7.40% (8 October 2026) | 5.98% (26 February 2026) | 5.86% | 43 |
| 2025 | 6.60% | 7.04% (16 January 2025) | 6.15% (31 December 2025) | 5.78% | 53 |
| 2024 | 6.72% | 7.22% (2 May 2024) | 6.08% (26 September 2024) | 5.96% | 52 |
| 2023 | 6.81% | 7.79% (26 October 2023) | 6.09% (2 February 2023) | 6.11% | 52 |
| 2022 | 5.34% | 7.08% (27 October 2022) | 3.22% (6 January 2022) | 4.58% | 52 |
| 2021 | 2.96% | 3.18% (1 April 2021) | 2.65% (7 January 2021) | 2.27% | 52 |
| 2020 | 3.11% | 3.72% (2 January 2020) | 2.66% (24 December 2020) | 2.60% | 53 |
| 2019 | 3.94% | 4.51% (3 January 2019) | 3.49% (5 September 2019) | 3.39% | 52 |
| 2018 | 4.54% | 4.94% (8 November 2018) | 3.95% (4 January 2018) | 4.00% | 52 |
| 2017 | 3.99% | 4.30% (16 March 2017) | 3.78% (7 September 2017) | 3.27% | 52 |
| 2016 | 3.65% | 4.32% (29 December 2016) | 3.41% (7 July 2016) | 2.93% | 52 |
| 2015 | 3.85% | 4.09% (16 July 2015) | 3.59% (5 February 2015) | 3.09% | 52 |
| 2014 | 4.17% | 4.53% (2 January 2014) | 3.80% (18 December 2014) | 3.29% | 53 |
| 2013 | 3.98% | 4.58% (22 August 2013) | 3.34% (3 January 2013) | 3.10% | 52 |
| 2012 | 3.66% | 4.08% (22 March 2012) | 3.31% (21 November 2012) | 2.93% | 52 |
| 2011 | 4.45% | 5.05% (10 February 2011) | 3.91% (22 December 2011) | 3.68% | 52 |
| 2010 | 4.69% | 5.21% (8 April 2010) | 4.17% (11 November 2010) | 4.10% | 52 |
| 2009 | 5.04% | 5.59% (11 June 2009) | 4.71% (3 December 2009) | 4.57% | 52 |
| 2008 | 6.03% | 6.63% (24 July 2008) | 5.10% (31 December 2008) | 5.62% | 53 |
| 2007 | 6.34% | 6.74% (14 June 2007) | 5.96% (6 December 2007) | 6.03% | 52 |
| 2006 | 6.41% | 6.80% (20 July 2006) | 6.10% (19 January 2006) | 6.07% | 52 |
| 2005 | 5.87% | 6.37% (17 November 2005) | 5.53% (30 June 2005) | 5.42% | 52 |
| 2004 | 5.84% | 6.34% (13 May 2004) | 5.38% (18 March 2004) | 5.21% | 52 |
| 2003 | 5.83% | 6.44% (5 September 2003) | 5.21% (13 June 2003) | 5.17% | 53 |
| 2002 | 6.54% | 7.18% (29 March 2002) | 5.93% (27 December 2002) | 5.98% | 52 |
| 2001 | 6.97% | 7.24% (1 June 2001) | 6.45% (9 November 2001) | 6.50% | 52 |
| 2000 | 8.05% | 8.64% (19 May 2000) | 7.13% (29 December 2000) | 7.72% | 52 |
| 1999 | 7.44% | 8.15% (13 August 1999) | 6.74% (29 January 1999) | 7.06% | 52 |
| 1998 | 6.94% | 7.22% (1 May 1998) | 6.49% (9 October 1998) | 6.59% | 53 |
| 1997 | 7.60% | 8.18% (4 April 1997) | 6.99% (26 December 1997) | 7.13% | 52 |
| 1996 | 7.81% | 8.42% (12 July 1996) | 6.94% (16 February 1996) | 7.32% | 52 |
| 1995 | 7.93% | 9.22% (6 January 1995) | 7.11% (29 December 1995) | 7.48% | 52 |
| 1994 | 8.38% | 9.25% (25 November 1994) | 6.97% (28 January 1994) | 7.89% | 52 |
| 1993 | 7.31% | 8.07% (8 January 1993) | 6.74% (22 October 1993) | 6.82% | 52 |
| 1992 | 8.39% | 9.03% (20 March 1992) | 7.84% (11 September 1992) | 7.94% | 53 |
| 1991 | 9.25% | 9.75% (18 January 1991) | 8.35% (27 December 1991) | 8.41% | 52 |
| 1990 | 10.13% | 10.67% (4 May 1990) | 9.56% (14 December 1990) | – | 52 |
| 1989 | 10.32% | 11.22% (24 March 1989) | 9.68% (4 August 1989) | – | 52 |
| 1988 | 10.34% | 10.77% (30 December 1988) | 9.84% (12 February 1988) | – | 52 |
| 1987 | 10.21% | 11.58% (16 October 1987) | 9.03% (6 March 1987) | – | 53 |
| 1986 | 10.19% | 10.99% (17 January 1986) | 9.29% (26 December 1986) | – | 52 |
| 1985 | 12.43% | 13.29% (29 March 1985) | 11.09% (27 December 1985) | – | 52 |
| 1984 | 13.88% | 14.68% (13 July 1984) | 13.14% (28 December 1984) | – | 52 |
| 1983 | 13.24% | 13.89% (19 August 1983) | 12.55% (20 May 1983) | – | 52 |
| 1982 | 16.04% | 17.66% (19 February 1982) | 13.57% (31 December 1982) | – | 52 |
| 1981 | 16.64% | 18.63% (9 October 1981) | 14.80% (9 January 1981) | – | 53 |
| 1980 | 13.74% | 16.35% (4 April 1980) | 12.18% (4 July 1980) | – | 52 |
| 1979 | 11.20% | 12.90% (30 November 1979) | 10.38% (5 January 1979) | – | 52 |
| 1978 | 9.64% | 10.38% (29 December 1978) | 8.98% (20 January 1978) | – | 52 |
| 1977 | 8.85% | 9.00% (30 December 1977) | 8.65% (18 February 1977) | – | 52 |
| 1976 | 8.87% | 9.10% (2 January 1976) | 8.70% (2 April 1976) | – | 53 |
| 1975 | 9.05% | 9.60% (3 January 1975) | 8.80% (18 April 1975) | – | 52 |
| 1974 | 9.19% | 10.03% (27 September 1974) | 8.40% (15 March 1974) | – | 52 |
| 1973 | 8.04% | 8.85% (28 September 1973) | 7.43% (26 January 1973) | – | 52 |
| 1972 | 7.38% | 7.46% (7 January 1972) | 7.23% (31 March 1972) | – | 52 |
| 1971 | 7.54% | 7.73% (13 August 1971) | 7.29% (30 April 1971) | – | 40 |
Worked example
Rates hit record lows in 2021. Here is the same $300,000 loan in January 2021 and in the latest month: The average 30-year fixed rate was 2.74% in January 2021 and 7.33% in October 2026, a change of +4.59 percentage points. On a $300,000 30-year loan, the monthly principal and interest payment goes from $1,223 to $2,063 (+$840 a month, or +$302,400 over 30 years).
Download the data
- Weekly 30-year and 15-year fixed rates since 2 April 1971 (CSV): all 2,901 weekly readings, blank where no 15-year rate was surveyed.
- Monthly averages (CSV): average 30-year and 15-year rate and number of weekly readings in each month.
- Yearly averages, highs and lows (CSV): the table above.
The files are free to reuse under CC BY 4.0 with credit to ClarionBrief and the Freddie Mac Primary Mortgage Market Survey, linking to this page.
Cite or link to this tool
Journalists, teachers, students and researchers are welcome to use and link to these figures. Each key figure and yearly row has its own link, such as #record-high or #year-1981.
To link to this tool from your own page, copy this HTML:
How the figures are calculated
Each weekly figure is the Freddie Mac Primary Mortgage Market Survey average rate for a conventional, conforming 30-year or 15-year fixed-rate home purchase loan, published to two decimal places each Thursday (a few weeks in 1980 were published to three decimal places and are rounded to two here). The 15-year survey started in 30 August 1991. Monthly and yearly figures are simple averages of the weekly rates in that month or year, rounded to two decimal places. Since November 2022 Freddie Mac bases the survey on applications submitted to it rather than on a lender survey, so recent weeks are not fully like-for-like with earlier ones.
Payments are principal and interest only, for a fixed-rate loan with equal monthly payments, rounded to the dollar; they leave out taxes, insurance, fees and points. Figures are updated daily and change when Freddie Mac publishes a new week. Calculations are by ClarionBrief and can differ from other sources by a rounding difference.