History of Mortgage Rates
With mortgage rates on the rise from what we’ve become accustomed to in recent years, it is important to remember how far we’ve come.
2022 | 2021 | 2020 | 2019 | 2018 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 3.45 | 0.7 | 2.74 | 0.7 | 3.62 | 0.7 | 4.46 | 0.5 | 4.03 | 0.5 |
February | 3.76 | 0.8 | 2.81 | 0.7 | 3.47 | 0.7 | 4.37 | 0.5 | 4.33 | 0.6 |
March | 4.17 | 0.8 | 3.08 | 0.7 | 3.45 | 0.7 | 4.27 | 0.5 | 4.44 | 0.5 |
April | 4.98 | 0.8 | 3.06 | 0.7 | 3.31 | 0.7 | 4.14 | 0.5 | 4.47 | 0.5 |
May | 2.96 | 0.7 | 3.23 | 0.7 | 4.07 | 0.5 | 4.59 | 0.4 | ||
June | 2.98 | 0.7 | 3.16 | 0.8 | 3.8 | 0.5 | 4.57 | 0.5 | ||
July | 2.87 | 0.7 | 3.02 | 0.8 | 3.77 | 0.6 | 4.53 | 0.5 | ||
August | 2.84 | 0.7 | 2.94 | 0.8 | 3.62 | 0.5 | 4.55 | 0.5 | ||
September | 2.9 | 0.7 | 2.89 | 0.8 | 3.61 | 0.5 | 4.63 | 0.5 | ||
October | 3.07 | 0.7 | 2.83 | 0.7 | 3.69 | 0.6 | 4.83 | 0.5 | ||
November | 3.07 | 0.7 | 2.77 | 0.7 | 3.7 | 0.6 | 4.87 | 0.5 | ||
December | 3.1 | 0.6 | 2.68 | 0.7 | 3.72 | 0.7 | 4.64 | 0.5 | ||
Annual Average | 3.79 | 0.8 | 2.96 | 0.7 | 3.11 | 0.7 | 3.94 | 0.5 | 4.54 | 0.5 |
2017 | 2016 | 2015 | 2014 | 2013 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 3.92 | 0.8 | 4.76 | 0.8 | 5.03 | 0.7 | 5.05 | 0.7 | 5.76 | 0.4 |
February | 3.89 | 0.8 | 4.95 | 0.7 | 4.99 | 0.7 | 5.13 | 0.7 | 5.92 | 0.5 |
March | 3.95 | 0.8 | 4.84 | 0.7 | 4.97 | 0.7 | 5 | 0.7 | 5.97 | 0.5 |
April | 3.91 | 0.7 | 4.84 | 0.7 | 5.1 | 0.7 | 4.81 | 0.7 | 5.92 | 0.4 |
May | 3.8 | 0.8 | 4.64 | 0.7 | 4.89 | 0.7 | 4.86 | 0.7 | 6.04 | 0.5 |
June | 3.68 | 0.7 | 4.51 | 0.7 | 4.74 | 0.7 | 5.42 | 0.7 | 6.32 | 0.7 |
July | 3.55 | 0.7 | 4.55 | 0.7 | 4.56 | 0.7 | 5.22 | 0.7 | 6.43 | 0.6 |
August | 3.6 | 0.6 | 4.27 | 0.7 | 4.43 | 0.7 | 5.19 | 0.7 | 6.48 | 0.7 |
September | 3.5 | 0.6 | 4.11 | 0.7 | 4.35 | 0.7 | 5.06 | 0.7 | 6.04 | 0.7 |
October | 3.38 | 0.7 | 4.07 | 0.8 | 4.23 | 0.8 | 4.95 | 0.7 | 6.2 | 0.6 |
November | 3.35 | 0.7 | 3.99 | 0.7 | 4.3 | 0.8 | 4.88 | 0.7 | 6.09 | 0.7 |
December | 3.35 | 0.7 | 3.96 | 0.7 | 4.71 | 0.7 | 4.93 | 0.7 | 5.29 | 0.7 |
Annual Average | 3.66 | 0.7 | 4.45 | 0.7 | 4.69 | 0.7 | 5.04 | 0.7 | 6.03 | 0.6 |
2012 | 2011 | 2010 | 2009 | 2008 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 3.92 | 0.8 | 4.76 | 0.8 | 5.03 | 0.7 | 5.05 | 0.7 | 5.76 | 0.4 |
February | 3.89 | 0.8 | 4.95 | 0.7 | 4.99 | 0.7 | 5.13 | 0.7 | 5.92 | 0.5 |
March | 3.95 | 0.8 | 4.84 | 0.7 | 4.97 | 0.7 | 5 | 0.7 | 5.97 | 0.5 |
April | 3.91 | 0.7 | 4.84 | 0.7 | 5.1 | 0.7 | 4.81 | 0.7 | 5.92 | 0.4 |
May | 3.8 | 0.8 | 4.64 | 0.7 | 4.89 | 0.7 | 4.86 | 0.7 | 6.04 | 0.5 |
June | 3.68 | 0.7 | 4.51 | 0.7 | 4.74 | 0.7 | 5.42 | 0.7 | 6.32 | 0.7 |
July | 3.55 | 0.7 | 4.55 | 0.7 | 4.56 | 0.7 | 5.22 | 0.7 | 6.43 | 0.6 |
August | 3.6 | 0.6 | 4.27 | 0.7 | 4.43 | 0.7 | 5.19 | 0.7 | 6.48 | 0.7 |
September | 3.5 | 0.6 | 4.11 | 0.7 | 4.35 | 0.7 | 5.06 | 0.7 | 6.04 | 0.7 |
October | 3.38 | 0.7 | 4.07 | 0.8 | 4.23 | 0.8 | 4.95 | 0.7 | 6.2 | 0.6 |
November | 3.35 | 0.7 | 3.99 | 0.7 | 4.3 | 0.8 | 4.88 | 0.7 | 6.09 | 0.7 |
December | 3.35 | 0.7 | 3.96 | 0.7 | 4.71 | 0.7 | 4.93 | 0.7 | 5.29 | 0.7 |
Annual Average | 3.66 | 0.7 | 4.45 | 0.7 | 4.69 | 0.7 | 5.04 | 0.7 | 6.03 | 0.6 |
2007 | 2006 | 2005 | 2004 | 2003 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 6.22 | 0.4 | 6.15 | 0.5 | 5.71 | 0.7 | 5.71 | 0.7 | 5.92 | 0.6 |
February | 6.29 | 0.4 | 6.25 | 0.6 | 5.63 | 0.7 | 5.64 | 0.7 | 5.84 | 0.6 |
March | 6.16 | 0.4 | 6.32 | 0.6 | 5.93 | 0.7 | 5.45 | 0.7 | 5.75 | 0.6 |
April | 6.18 | 0.5 | 6.51 | 0.6 | 5.86 | 0.6 | 5.83 | 0.7 | 5.81 | 0.6 |
May | 6.26 | 0.4 | 6.6 | 0.5 | 5.72 | 0.6 | 6.27 | 0.7 | 5.48 | 0.6 |
June | 6.66 | 0.4 | 6.68 | 0.5 | 5.58 | 0.6 | 6.29 | 0.6 | 5.23 | 0.6 |
July | 6.7 | 0.4 | 6.76 | 0.5 | 5.7 | 0.5 | 6.06 | 0.6 | 5.63 | 0.5 |
August | 6.57 | 0.4 | 6.52 | 0.4 | 5.82 | 0.5 | 5.87 | 0.7 | 6.26 | 0.7 |
September | 6.38 | 0.5 | 6.4 | 0.5 | 5.77 | 0.6 | 5.75 | 0.7 | 6.15 | 0.6 |
October | 6.38 | 0.5 | 6.36 | 0.4 | 6.07 | 0.5 | 5.72 | 0.7 | 5.95 | 0.6 |
November | 6.21 | 0.4 | 6.24 | 0.5 | 6.33 | 0.6 | 5.73 | 0.6 | 5.93 | 0.6 |
December | 6.1 | 0.5 | 6.14 | 0.4 | 6.27 | 0.5 | 5.75 | 0.6 | 5.88 | 0.7 |
Annual Average | 6.34 | 0.4 | 6.41 | 0.5 | 5.87 | 0.6 | 5.84 | 0.7 | 5.83 | 0.6 |
2002 | 2001 | 2000 | 1999 | 1998 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 7 | 0.8 | 7.03 | 0.9 | 8.21 | 1 | 6.79 | 0.9 | 6.99 | 1.4 |
February | 6.89 | 0.7 | 7.05 | 1 | 8.33 | 1 | 6.81 | 1 | 7.04 | 1.2 |
March | 7.01 | 0.7 | 6.95 | 0.9 | 8.24 | 1 | 7.04 | 0.9 | 7.13 | 1.2 |
April | 6.99 | 0.7 | 7.08 | 0.9 | 8.15 | 1 | 6.92 | 1 | 7.14 | 1 |
May | 6.81 | 0.7 | 7.15 | 1 | 8.52 | 1 | 7.15 | 1 | 7.14 | 1.1 |
June | 6.65 | 0.6 | 7.16 | 1 | 8.29 | 0.9 | 7.55 | 1 | 7 | 1 |
July | 6.49 | 0.6 | 7.13 | 0.9 | 8.15 | 0.9 | 7.63 | 1 | 6.95 | 1.1 |
August | 6.29 | 0.6 | 6.95 | 0.9 | 8.03 | 1 | 7.94 | 1 | 6.92 | 1.1 |
September | 6.09 | 0.6 | 6.82 | 0.9 | 7.91 | 1 | 7.82 | 1 | 6.72 | 1 |
October | 6.11 | 0.6 | 6.62 | 0.9 | 7.8 | 1 | 7.85 | 1 | 6.71 | 0.9 |
November | 6.07 | 0.6 | 6.66 | 0.8 | 7.75 | 0.9 | 7.74 | 1 | 6.87 | 0.9 |
December | 6.05 | 0.6 | 7.07 | 0.8 | 7.38 | 1 | 7.91 | 1 | 6.74 | 1 |
Annual Average | 6.54 | 0.6 | 6.97 | 0.9 | 8.05 | 1 | 7.44 | 1 | 6.94 | 1.1 |
1997 | 1996 | 1995 | 1994 | 1993 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 7.82 | 1.8 | 7.03 | 1.8 | 9.15 | 1.8 | 7.07 | 1.7 | 7.99 | 1.6 |
February | 7.65 | 1.7 | 7.08 | 1.7 | 8.83 | 1.9 | 7.15 | 1.8 | 7.68 | 1.5 |
March | 7.9 | 1.8 | 7.62 | 1.8 | 8.46 | 1.8 | 7.68 | 1.7 | 7.5 | 1.6 |
April | 8.14 | 1.7 | 7.93 | 1.8 | 8.32 | 1.9 | 8.32 | 1.8 | 7.46 | 1.7 |
May | 7.94 | 1.7 | 8.07 | 1.7 | 7.96 | 1.8 | 8.6 | 1.8 | 7.47 | 1.8 |
June | 7.69 | 1.7 | 8.32 | 1.7 | 7.57 | 1.8 | 8.4 | 1.8 | 7.42 | 1.6 |
July | 7.5 | 1.8 | 8.25 | 1.8 | 7.61 | 1.8 | 8.61 | 1.8 | 7.21 | 1.6 |
August | 7.48 | 1.7 | 8 | 1.7 | 7.86 | 1.8 | 8.51 | 1.8 | 7.11 | 1.5 |
September | 7.43 | 1.7 | 8.23 | 1.7 | 7.64 | 1.8 | 8.64 | 1.8 | 6.91 | 1.5 |
October | 7.29 | 1.7 | 7.92 | 1.7 | 7.48 | 1.9 | 8.93 | 1.8 | 6.83 | 1.5 |
November | 7.21 | 1.7 | 7.62 | 1.8 | 7.38 | 1.8 | 9.17 | 1.8 | 7.16 | 1.6 |
December | 7.1 | 1.8 | 7.6 | 1.7 | 7.2 | 1.8 | 9.2 | 1.8 | 7.17 | 1.7 |
Annual Average | 7.6 | 1.7 | 7.81 | 1.7 | 7.93 | 1.8 | 8.38 | 1.8 | 7.31 | 1.6 |
1992 | 1991 | 1990 | 1989 | 1988 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 8.43 | 1.8 | 9.64 | 2.1 | 9.9 | 2.1 | 10.73 | 2.1 | 10.38 | 2 |
February | 8.76 | 1.8 | 9.37 | 2 | 10.2 | 2.1 | 10.65 | 2.2 | 9.89 | 2.1 |
March | 8.94 | 1.9 | 9.5 | 2.1 | 10.27 | 2.1 | 11.03 | 2.2 | 9.93 | 2 |
April | 8.85 | 1.7 | 9.5 | 2 | 10.37 | 2.1 | 11.05 | 2.2 | 10.2 | 2.1 |
May | 8.67 | 1.7 | 9.47 | 2 | 10.48 | 2 | 10.77 | 2.1 | 10.46 | 2.1 |
June | 8.51 | 1.7 | 9.62 | 2.1 | 10.16 | 2 | 10.2 | 2.1 | 10.46 | 2 |
July | 8.13 | 1.6 | 9.58 | 2 | 10.04 | 2 | 9.88 | 2.1 | 10.43 | 2 |
August | 7.98 | 1.7 | 9.24 | 1.9 | 10.1 | 2 | 9.99 | 2.1 | 10.6 | 2.2 |
September | 7.92 | 1.7 | 9.01 | 1.9 | 10.18 | 2.1 | 10.13 | 2 | 10.48 | 2.1 |
October | 8.09 | 1.8 | 8.86 | 1.9 | 10.17 | 2.2 | 9.95 | 2 | 10.3 | 1.9 |
November | 8.31 | 1.9 | 8.71 | 1.8 | 10.01 | 2.1 | 9.77 | 2 | 10.27 | 2.1 |
December | 8.21 | 1.6 | 8.5 | 1.8 | 9.67 | 1.9 | 9.74 | 2 | 10.61 | 2.1 |
Annual Average | 8.39 | 1.7 | 9.25 | 2 | 10.13 | 2.1 | 10.32 | 2.1 | 10.34 | 2.1 |
1987 | 1986 | 1985 | 1984 | 1983 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 9.2 | 2.2 | 10.89 | 2.3 | 13.08 | 2.5 | 13.37 | 2.3 | 13.25 | 2.2 |
February | 9.08 | 2.1 | 10.71 | 2.3 | 12.92 | 2.4 | 13.23 | 2.4 | 13.04 | 2 |
March | 9.04 | 2.1 | 10.08 | 2.3 | 13.17 | 2.6 | 13.39 | 2.4 | 12.8 | 2.2 |
April | 9.83 | 2.3 | 9.94 | 2.2 | 13.2 | 2.6 | 13.65 | 2.4 | 12.78 | 2.1 |
May | 10.6 | 2.3 | 10.15 | 2.3 | 12.91 | 2.5 | 13.94 | 2.5 | 12.63 | 2.1 |
June | 10.54 | 2.2 | 10.69 | 2.3 | 12.22 | 2.5 | 14.42 | 2.5 | 12.87 | 2.1 |
July | 10.28 | 2.2 | 10.51 | 2.2 | 12.03 | 2.5 | 14.67 | 2.6 | 13.43 | 2.2 |
August | 10.33 | 2.1 | 10.2 | 2.1 | 12.19 | 2.6 | 14.47 | 2.6 | 13.81 | 2.2 |
September | 10.89 | 2.2 | 10.01 | 2.2 | 12.19 | 2.6 | 14.35 | 2.6 | 13.73 | 2.2 |
October | 11.26 | 2.2 | 9.98 | 2.1 | 12.14 | 2.5 | 14.13 | 2.6 | 13.54 | 2.1 |
November | 10.65 | 2.1 | 9.7 | 2 | 11.78 | 2.4 | 13.64 | 2.5 | 13.44 | 2.1 |
December | 10.64 | 2.1 | 9.32 | 2.1 | 11.26 | 2.3 | 13.18 | 2.5 | 13.42 | 2.2 |
Annual Average | 10.21 | 2.2 | 10.19 | 2.2 | 12.43 | 2.5 | 13.88 | 2.5 | 13.24 | 2.1 |
1982 | 1981 | 1980 | 1979 | 1978 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 17.48 | 2.2 | 14.9 | 2 | 12.88 | 1.6 | 10.39 | 1.5 | 9.01 | 1.3 |
February | 17.6 | 2.2 | 15.13 | 2 | 13.04 | 1.6 | 10.41 | 1.5 | 9.14 | 1.3 |
March | 17.16 | 2.2 | 15.4 | 2 | 15.28 | 2 | 10.43 | 1.5 | 9.2 | 1.3 |
April | 16.89 | 2.3 | 15.58 | 2 | 16.32 | 1.9 | 10.5 | 1.5 | 9.35 | 1.3 |
May | 16.68 | 2.3 | 16.4 | 2.1 | 14.26 | 1.9 | 10.69 | 1.6 | 9.57 | 1.3 |
June | 16.7 | 2.2 | 16.7 | 2.1 | 12.71 | 1.8 | 11.04 | 1.6 | 9.71 | 1.4 |
July | 16.82 | 2.2 | 16.83 | 2.1 | 12.19 | 1.8 | 11.09 | 1.7 | 9.74 | 1.4 |
August | 16.27 | 2.3 | 17.28 | 2.1 | 12.56 | 1.7 | 11.09 | 1.7 | 9.78 | 1.3 |
September | 15.43 | 2.3 | 18.16 | 2.1 | 13.2 | 1.7 | 11.3 | 1.6 | 9.76 | 1.3 |
October | 14.61 | 2.2 | 18.45 | 2.3 | 13.79 | 1.7 | 11.64 | 1.7 | 9.86 | 1.2 |
November | 13.82 | 2.2 | 17.82 | 2.1 | 14.21 | 1.7 | 12.83 | 1.7 | 10.11 | 1.2 |
December | 13.62 | 2.2 | 16.95 | 2.1 | 14.79 | 1.7 | 12.9 | 1.6 | 10.35 | 1.4 |
Annual Average | 16.04 | 2.2 | 16.63 | 2.1 | 13.74 | 1.8 | 11.2 | 1.6 | 9.64 | 1.3 |
1977 | 1976 | 1975 | 1974 | 1973 | ||||||
Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | Rate | Pts | |
January | 8.72 | 1.1 | 9.02 | 1.1 | 9.43 | 1.2 | 8.54 | 1 | 7.44 | 0.9 |
February | 8.67 | 1.1 | 8.81 | 1 | 9.1 | 1.2 | 8.46 | 1 | 7.44 | 1 |
March | 8.69 | 1.2 | 8.76 | 1.3 | 8.89 | 1.1 | 8.41 | 1 | 7.46 | 0.9 |
April | 8.75 | 1.1 | 8.73 | 1.3 | 8.82 | 1 | 8.58 | 1 | 7.54 | 0.9 |
May | 8.83 | 1.1 | 8.76 | 1.3 | 8.91 | 1.1 | 8.97 | 1.1 | 7.65 | 0.9 |
June | 8.86 | 1.1 | 8.85 | 1.3 | 8.89 | 1 | 9.09 | 1.2 | 7.73 | 0.9 |
July | 8.94 | 1.1 | 8.93 | 1.2 | 8.89 | 1.1 | 9.28 | 1.3 | 8.05 | 1 |
August | 8.94 | 1.1 | 9 | 1.2 | 8.94 | 1.1 | 9.59 | 1.3 | 8.5 | 1 |
September | 8.9 | 1.1 | 8.98 | 1.2 | 9.12 | 1.1 | 9.96 | 1.4 | 8.82 | 1.1 |
October | 8.92 | 1.2 | 8.92 | 1.2 | 9.22 | 1.1 | 9.98 | 1.5 | 8.77 | 1.1 |
November | 8.92 | 1.1 | 8.81 | 1.3 | 9.15 | 1.1 | 9.79 | 1.4 | 8.58 | 1 |
December | 8.96 | 1.2 | 8.79 | 1.2 | 9.1 | 1.1 | 9.62 | 1.3 | 8.54 | 1 |
Annual Average | 8.85 | 1.1 | 8.87 | 1.2 | 9.05 | 1.1 | 9.19 | 1.2 | 8.04 | 1 |
1972 | 1971 | |||
Rate | Pts | Rate | Pts | |
January | 7.44 | 1 | na | na |
February | 7.32 | 0.9 | na | na |
March | 7.29 | 0.9 | na | na |
April | 7.29 | 0.9 | 7.31 | na |
May | 7.37 | 0.9 | 7.43 | na |
June | 7.37 | 0.9 | 7.53 | na |
July | 7.4 | 0.9 | 7.6 | na |
August | 7.4 | 0.9 | 7.7 | na |
September | 7.42 | 1 | 7.69 | na |
October | 7.42 | 1 | 7.63 | na |
November | 7.43 | 1 | 7.55 | na |
December | 7.44 | 1 | 7.48 | na |
Annual Average | 7.38 | 0.9 | na | na |