Mortgage Rates

February 27, 2020
Mortage rates historical

Mortgage Rate Trends from the 1970s to 2020

Read the full Value Penguin article here: Since 1971, historical mortgage rates for 30-year fixed loans have hit historic highs and lows due to various factors. Using data from Freddie Mac’s Primary Mortgage Market Survey (PMMS), we’ll do a deep dive into what’s driven historical mortgage rate movements over time, and how they affect buying or refinancing a home. In 1971, the same year when Freddie Mac started surveying lenders, […]
April 8, 2019
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Mortgage rates hit long-term lows

Homebuyers won big last week as the industry saw the lowest mortgage rates since January 2018. Recent numbers from Freddie Mac reported the average rate on a 30-year fixed mortgage fell to 4.06% percent with an average 0.5 point for the week ending March 28, 2019. Why are mortgage rates taking a nose dive? Freddie Mac’s Chief Economist, Sam Khater, explains that this low point is a crucial indicator that […]
June 8, 2012

30 Year Mortgage Interest Rate Chart