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 percent. Today, a typical 30-year mortgage is similar to rates seen in the later 1990s, in the 7 percent range. We are expecting rates […]
Read More
Interest/Mortgage Rates Report for February 2024 – UPDATED Although the average rates on 30-year mortgages moved up slightly, forecasters still see an eventually decline by the end of the year. The average rate on a 30-year mortgage rose to 6.77% from 6.64% last week, says Freddie Mac. Year to date, […]
Read More