30-Year Fixed Rate Mortgage Interest Rate Hits Highest Level Today In Over 20 Years

Interest rates for a 30 year fixed-rate mortgage hit 7.49% today as reported by Mortgage News Daily, marking the highest rate we’ve seen on this type of mortgage in over 20 years.  The MND chart below only goes back to 2009 but the bottom chart, from the St Louis Fed Reserve goes all the way back to 1971.  As the charts show, the last time mortgage interest rates were at these levels was over 20 years ago in late 2000.


Mortgage Interest Rates (MND Chart)

(click on chart for live, interactive chart)
Mortgage Interest Rates (MND Chart)

Mortgage Interest Rates – 1971-Present – 30 Year Fixed-Rate

(click on chart for live, interactive chart)Mortgage Interest Rates - 1971-Present - 30 Year Fixed-Rate

 

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