2020's
The average 30-year fixed mortgage rate was 3.11% in 2020 which was a decrease from the average rate at the end of the previous decade. While rates were low at the start of the 2020's they have quickly risen to the current average 30-year fixed mortgage rate of 6.87% in 2024. The highest weekly mortgage rate was 7.79% in 2023 which is a 5.14% increase from the lowest weekly mortgage rate of 2.65% two years prior in 2021.
| Year | Average | High | Low |
|---|---|---|---|
| 2024 | 6.87% | 6.60% | 7.22% |
| 2023 | 6.81% | 6.09% | 7.79% |
| 2022 | 5.34% | 3.22% | 7.08% |
| 2021 | 2.96% | 2.65% | 3.18% |
| 2020 | 3.11% | 2.66% | 3.72% |
2010's
The start of the 2010's saw an average 30-year fixed mortgage rate of 4.69% in 2010. Mortgage rates stayed within the 3-5% range throughout the decade. The highest weekly mortgage rate was 5.21% in 2010. The lowest weekly mortgage rate was 3.31% a couple of years later in 2012. The end of the decade saw the average 30-year mortgage rate hit 3.94% in 2019.
| Year | Average | High | Low |
|---|---|---|---|
| 2019 | 3.94% | 3.49% | 4.51% |
| 2018 | 4.54% | 3.95% | 4.94% |
| 2017 | 3.99% | 3.78% | 4.30% |
| 2016 | 3.65% | 3.41% | 4.32% |
| 2015 | 3.85% | 3.59% | 4.09% |
| 2014 | 4.17% | 3.80% | 4.53% |
| 2013 | 3.98% | 3.34% | 4.58% |
| 2012 | 3.66% | 3.31% | 4.08% |
| 2011 | 4.45% | 3.91% | 5.05% |
| 2010 | 4.69% | 4.17% | 5.21% |
2000's
The decade started off with an average 30-year mortgage rates of 8.05% in 2000. This year also had the highest weekly mortgage rate at 8.64%. From 2001 to 2009 the mortgage rates stayed within the range of 5-6% reaching a low average mortgage rate of 5.04% in 2009.
| Year | Average | High | Low |
|---|---|---|---|
| 2009 | 5.04% | 4.71% | 5.59% |
| 2008 | 6.03% | 5.10% | 6.63% |
| 2007 | 6.34% | 5.96% | 6.74% |
| 2006 | 6.41% | 6.10% | 6.80% |
| 2005 | 5.87% | 5.53% | 6.37% |
| 2004 | 5.84% | 5.38% | 6.34% |
| 2003 | 5.83% | 5.21% | 6.44% |
| 2002 | 6.54% | 5.93% | 7.18% |
| 2001 | 6.97% | 6.45% | 7.24% |
| 2000 | 8.05% | 7.13% | 8.64% |
1990's
The first year of the 1990's saw peak in mortgage rates for the decade as the down ward trend from the 1980's continued. The average 30-year mortgage rate in 1990 was 10.13% with the max weekly rate reaching 10.67%. Rates continued to decrease as the decade continued with a low average rate in 1998 of 6.94%. The decade finished off with mortgage rates slightly above the 1998 low with an average 30-year mortgage rate of 7.44% in 1999. The highest weekly mortgage rate for the decade was 10.67% in 1990 and the lowest weekly mortgage rate was 7.22% in 1998.
| Year | Average | High | Low |
|---|---|---|---|
| 1999 | 7.44% | 6.74% | 8.15% |
| 1998 | 6.94% | 6.49% | 7.22% |
| 1997 | 7.60% | 6.99% | 8.18% |
| 1996 | 7.81% | 6.94% | 8.42% |
| 1995 | 7.93% | 7.11% | 9.22% |
| 1994 | 8.38% | 6.97% | 9.25% |
| 1993 | 7.31% | 6.74% | 8.07% |
| 1992 | 8.39% | 7.84% | 9.03% |
| 1991 | 9.25% | 8.35% | 9.75% |
| 1990 | 10.13% | 9.56% | 10.67% |
1980's
Historical mortgage rates started off the decade with an average 30-year mortgage rate of 13.74% in 1980. The average mortgage rate saw an increase in 1981 to an average 30-year mortgage rate of 16.64% which was the peak of the decade. The 1980's finished off with an average rate of 10.32%. Over the decade the highest mortgage rate was 18.63% in 1981 and the lowest was 9.03% in 1987.
| Year | Average | High | Low |
|---|---|---|---|
| 1989 | 10.32% | 9.68% | 11.22% |
| 1988 | 10.34% | 9.84% | 10.77% |
| 1987 | 10.21% | 9.03% | 11.58% |
| 1986 | 10.19% | 9.29% | 10.99% |
| 1985 | 12.43% | 11.09% | 13.29% |
| 1984 | 13.88% | 13.14% | 14.68% |
| 1983 | 13.24% | 12.55% | 13.89% |
| 1982 | 16.04% | 13.57% | 17.66% |
| 1981 | 16.64% | 14.80% | 18.63% |
| 1980 | 13.74% | 12.18% | 16.35% |
1970's
The 1970's saw the 30-year mortgage rate start off with an average of 7.30% in 1971. Mortgage rates increased from an average of 7.30% in 1971 to an average of 11.20% at the end of the decade in 1979. The lowest 30-year mortgage rate was 7.23% in 1972 compared to the highest rate of 12.90% in 1979.
| Year | Average | High | Low |
|---|---|---|---|
| 1979 | 11.20% | 10.38% | 12.90% |
| 1978 | 9.64% | 8.98% | 10.38% |
| 1977 | 8.85% | 8.65% | 9.00% |
| 1976 | 8.87% | 8.70% | 9.10% |
| 1975 | 9.05% | 8.80% | 9.60% |
| 1974 | 9.19% | 8.40% | 10.03% |
| 1973 | 8.04% | 7.43% | 8.85% |
| 1972 | 7.38% | 7.23% | 7.46% |
| 1971 | 7.54% | 7.29% | 7.73% |
source: FRED