Mortgage Interest Rates Hit Highest Level In Over Seven Years

Freddie Mac has been tracking average mortgage rates since 1971 through their Primary Mortgage Market Survey® and yesterday it revealed that, as the chart below shows, the average interest rate on a 30-year fixed-rate mortgage was at 4.6%, the highest rate in over 7 years.  The last time mortgage interest rates were this high was back on May 5, 2011 when the 30-year rate hit 4.71%.

Even with the recent increase, mortgage interest rates are still reasonably low from a historical perspective.  As the second chart below illustrates, 20 years ago the rates were around 8 percent.  Mortgage interest rates then spent nearly a decade around the 5% – 6% range before beginning the descent after the housing bubble burst in 2008.

(We work hard on this and sure would appreciate a “Like”)

Mortgage Interest Rates – 2018- Chart

Mortgage Interest Rates - 2018- Chart 

Mortgage Interest Rates – 1995 -2018- Chart

Mortgage Interest Rates - 2017- Chart 

 

Print Friendly, PDF & Email

11 comments to Mortgage Interest Rates Hit Highest Level In Over Seven Years

  • … [Trackback]

    […] Read More Information here to that Topic: stlouisrealestatenews.com/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Read More Info here to that Topic: stlouisrealestatenews.com/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Find More here to that Topic: stlouisrealestatenews.com/interest-rates-financing/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Info to that Topic: stlouisrealestatenews.com/interest-rates-financing/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Find More on that Topic: stlouisrealestatenews.com/interest-rates-financing/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] There you will find 1775 additional Info on that Topic: stlouisrealestatenews.com/interest-rates-financing/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Read More on on that Topic: stlouisrealestatenews.com/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/interest-rates-financing/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Here you will find 87219 additional Information on that Topic: stlouisrealestatenews.com/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Read More to that Topic: stlouisrealestatenews.com/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/st-louis-interest-rates/mortgage-interest-rates-hit-highest-level-in-over-seven-years/ […]