United States · Mortgages · Rate history
Mortgage rates history.
Annual averages of the Freddie Mac 30-year fixed mortgage rate for every year since the survey began in 1971, the change each year, the latest weekly reading, and what the same loan would cost per month at any two years’ rates.
Short answer: The 30-year fixed mortgage rate averaged 6.60% in 2025, 6.72% in 2024 and 6.81% in 2023. The 2026 average of the weeks published so far is 6.53%; in the week of November 5, 2026 the survey rate was 7.18%, up from 6.22% a year earlier. The highest annual average was 16.64% in 1981 and the lowest 2.96% in 2021.
Compare the same loan at two years’ rates
Result
Press Compare to see the monthly principal and interest at each year’s average rate.
30-year fixed mortgage rate by year, 1971 to 2026
| Year | Annual average | Change from the year before (points) |
|---|---|---|
| 2026 (year to date) | 6.53% | -0.07 |
| 2025 | 6.60% | -0.12 |
| 2024 | 6.72% | -0.09 |
| 2023 | 6.81% | +1.47 |
| 2022 | 5.34% | +2.38 |
| 2021 | 2.96% | -0.15 |
| 2020 | 3.11% | -0.83 |
| 2019 | 3.94% | -0.60 |
| 2018 | 4.54% | +0.55 |
| 2017 | 3.99% | +0.34 |
| 2016 | 3.65% | -0.20 |
| 2015 | 3.85% | -0.32 |
| 2014 | 4.17% | +0.19 |
| 2013 | 3.98% | +0.32 |
| 2012 | 3.66% | -0.79 |
| 2011 | 4.45% | -0.24 |
| 2010 | 4.69% | -0.35 |
| 2009 | 5.04% | -0.99 |
| 2008 | 6.03% | -0.31 |
| 2007 | 6.34% | -0.07 |
| 2006 | 6.41% | +0.54 |
| 2005 | 5.87% | +0.03 |
| 2004 | 5.84% | +0.01 |
| 2003 | 5.83% | -0.71 |
| 2002 | 6.54% | -0.43 |
| 2001 | 6.97% | -1.08 |
| 2000 | 8.05% | +0.61 |
| 1999 | 7.44% | +0.50 |
| 1998 | 6.94% | -0.66 |
| 1997 | 7.60% | -0.21 |
| 1996 | 7.81% | -0.12 |
| 1995 | 7.93% | -0.45 |
| 1994 | 8.38% | +1.07 |
| 1993 | 7.31% | -1.08 |
| 1992 | 8.39% | -0.86 |
| 1991 | 9.25% | -0.88 |
| 1990 | 10.13% | -0.19 |
| 1989 | 10.32% | -0.02 |
| 1988 | 10.34% | +0.13 |
| 1987 | 10.21% | +0.02 |
| 1986 | 10.19% | -2.24 |
| 1985 | 12.43% | -1.45 |
| 1984 | 13.88% | +0.64 |
| 1983 | 13.24% | -2.80 |
| 1982 | 16.04% | -0.60 |
| 1981 | 16.64% | +2.90 |
| 1980 | 13.74% | +2.54 |
| 1979 | 11.20% | +1.56 |
| 1978 | 9.64% | +0.79 |
| 1977 | 8.85% | -0.02 |
| 1976 | 8.87% | -0.18 |
| 1975 | 9.05% | -0.14 |
| 1974 | 9.19% | +1.15 |
| 1973 | 8.04% | +0.66 |
| 1972 | 7.38% | -0.16 |
| 1971 (April to December) | 7.54% |
Each annual figure is the average of the weekly survey rates for that year. Freddie Mac began publishing the 30-year average in April 1971, so the 1971 figure covers nine months. The 2026 figure is the average of the weeks published through the retrieval date and will change until the year ends.
The latest weekly rate
For the week of November 5, 2026 the survey reported a 30-year fixed rate of 7.18%, down from 7.24% the week before and up from 6.22% a year earlier. The 15-year fixed rate was 6.57%, down from 6.60%, against 5.50% a year earlier. Freddie Mac publishes the survey on Thursdays at noon Eastern time, averaging rates on loan applications submitted to it from the prior Thursday through Wednesday.
Worked example
A $400,000 loan at the 2021 average of 2.96% costs $1,677.80 a month in principal and interest. The same loan at the 2026 year-to-date average of 6.53% costs $2,536.17, which is $858.37 more every month and $309,013 more over 360 payments. At the 1981 average of 16.64% the payment would have been $5,585.93.
Method
Annual averages were downloaded from FRED series MORTGAGE30US on November 11, 2026 with annual aggregation set to the average; FRED republishes the Freddie Mac weekly survey. The latest weekly figures were read from Freddie Mac’s survey page the same day. The payment uses the standard amortization formula, payment = P × r ÷ (1 − (1 + r)^−360), with r the annual rate divided by twelve.
What this does not cover
- Points and fees. Freddie Mac stopped publishing them in November 2022 because lenders are not always required to report them, so the survey rate is a note rate, not an APR.
- 15-year and adjustable-rate loans, jumbo pricing, and the rate any one borrower is offered, which depends on credit score, down payment and the lender.
- Property tax, insurance and mortgage insurance, which sit on top of principal and interest.
Common mix-ups
- The annual average is not the year-end rate. It is the mean of the weekly survey rates across the year, so 2026 to date is 6.53% even though the week of November 5, 2026 printed 7.18%.
- The survey rate is not an APR. Freddie Mac has not published points and fees since November 2022; the figure is an average note rate on loan applications submitted to it.
- The survey did not start in January 1971. Freddie Mac began sharing the 30-year average in April 1971, so the first annual figure covers nine months.
- The survey is not built from advertised rates. Freddie Mac says the PMMS reflects rates on loan applications submitted to it through Loan Product Advisor by lenders nationwide, averaged from the prior Thursday through Wednesday.
Figures read from the sources below on November 11, 2026. Last updated November 11, 2026.
Sources
- Freddie Mac Primary Mortgage Market Survey, week of November 5, 2026 (latest rates and survey method) (retrieved November 11, 2026)
- FRED series MORTGAGE30US, 30-year fixed rate mortgage average in the United States, annual averages 1971 to 2026 (CSV download) (retrieved November 11, 2026)
Frequently asked questions
What is the current 30-year mortgage rate?
Freddie Mac’s survey for the week of November 5, 2026 shows 7.18% for the 30-year fixed rate and 6.57% for the 15-year.
What was the average mortgage rate in 2025?
The 30-year fixed rate averaged 6.60% in 2025, after 6.72% in 2024 and 6.81% in 2023.
When were mortgage rates highest?
The highest annual average is 16.64% in 1981, followed by 16.04% in 1982 and 13.88% in 1984.
When were mortgage rates lowest?
The lowest annual average is 2.96% in 2021, followed by 3.11% in 2020 and 3.65% in 2016.
How much does a one-point rate change cost on a $400,000 loan?
At 6.60% the principal and interest payment is about $2,555 a month; at 7.60% it is about $2,824, so one percentage point adds roughly $270 a month on a 30-year loan of that size.
Does the Freddie Mac rate include points?
Not since November 2022. Freddie Mac stopped publishing points and fees because lenders are not always required to provide them, so the survey reports an average note rate only.
How is the weekly rate collected?
Freddie Mac averages rates from loan applications submitted to it through its Loan Product Advisor system by lenders nationwide, from the prior Thursday through Wednesday, and publishes on Thursday at noon Eastern time.
Why does the 2026 figure keep changing?
It is the average of the weeks published so far in 2026. Each new weekly survey moves it until the final December week is in.
Not financial advice
This page is general information from an unofficial guide, not mortgage, financial or legal advice. Rates are survey averages published by Freddie Mac and FRED on the date shown; the rate you are offered will differ. Nothing you type is sent anywhere. It runs in your browser.