Historical Mortgage Rate Trend Charts: Updated through May 2011

People seem fascinated by mortgage rate trend charts. In a geeky sort of way, they are interesting to examine. We’ve published these charts in 2006 and 2008, and they still get visited every day. Yes, I am now hanging my head in shame for not updating them in almost three years.

As you’ll see below, mortgage rates continue to hover at or near historical lows.

Anyone is welcome to use these charts, all I ask is you keep the information box that is on the chart intact and link back to this post if you use them on a web page.


This chart shows the monthly average interest rate for 30 year fixed rate mortgage loans from April 1971 through May 2011:

This chart shows the monthly average interest rate for 15 year fixed rate mortgage loans from September 1991 through May 2011:

When purchasing a home, one of the most confusing aspects of the process is selecting a mortgage. There are many different mortgage products to choose from, each of which has advantages and disadvantages. The most popular mortgage product is the 30-year fixed rate mortgage. This article discusses how the 30-year mortgage compares to other mortgage products, benefits of the 30-year mortgage, and fess to avoid when selecting a 30-year mortgage.

3 Reasons Why You Might Not Get Freddie Mac’s 3.79% Mortgage Rate

Freddie Mac says mortgage rates are 3.79% nationwide -- an all-time low. Yet, so few people actually get that rate from their lender. What's the real reason why you can't lock Freddie Mac's 3.79% rates? Turns out, there are 3 of them.

For Some, 30-Day Mortgage Rates At 3.79%

Mortgage rates decrease in first week of April
30-year fixed-rate mortgages backed by FHA drop to 3.87%

Fixed mortgage rates at, near all-time lows

The 15-year fixed mortgage rate (FRM), a popular choice among refinance borrowers, averaged a new all-time record low of 3.13 percent, the week ending March 8, according to Freddie Mac's weekly "Primary Mortgage Market Survey."


He 30-year fixed-rate mortgage, the most common way U.S. buyers finance a home purchase, isn’t the ideal instrument its supporters claim it to be.

First, its dominance requires permanent government subsidies. Second, it amortizes slowly, exposing homebuyers to years of unnecessary default risk. Third, it was responsible for two taxpayer bailouts in the last 20 years.

2010 average rate for 30-year mortgage lowest since 1955: Freddie Mac

Mortgage interest rates rose again this week but remain lower than a year ago, and the average rate for a traditional 30-year, fixed loan for 2010 was the lowest in 55 years, according to Freddie Mac.


(12/13/2011) Fixed rate mortgage (FRM) interest rates for 30-year conforming loans should remain affordable, at or below 4.50 percent for the coming months, according to interest rate experts.




For as low as 30-year fixed rate mortgage rates are in Florida today, 15-year fixed rate mortgage rates are even lower.

According to Freddie Mac’s weekly mortgage rate survey, the average 15-year fixed rate mortgage rate is now 3.27% nationwide with an accompanying 0.8 discount points. 1 discount point is a closing cost equal to 1 percent of your loan size.


mortgage30yearfixedrates Update: Mortgage rates remain affordable

(11/29/2011) – Mortgage interest rates were mostly unchanged and remained relatively affordable for those who could qualify for a mortgage in the week ending Nov. 29, according to the weekly mortgage30yearfixedrates update .

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