30-year mortgage rate, 1971 to 2026
30-year mortgage rate stood at 6.49% in 2026, down 0bp on the previous period.
The latest reading is 6.49 percent, for June 2026, against 6.44 percent in May 2026. The series is monthly (FRED series MORTGAGE30US) and runs from April 1971.
How it is measured
The average rate lenders quote on a 30-year fixed mortgage, from Freddie Mac's weekly Primary Mortgage Market Survey of lenders across the country. It tracks the 10-year Treasury yield plus a spread for credit and prepayment risk. The data reaches us through FRED, the Federal Reserve Bank of St. Louis's data service, and originates with Freddie Mac's Primary Mortgage Market Survey.
What the curve shows
The window runs from 2.68 percent (December 2020) to 18.45 percent (October 1981). Each percentage point moves a typical monthly payment by roughly ten percent, which is why this single line does more to set housing affordability than any policy.
Why does it track the 10-year Treasury and not the Fed?
Is this the rate I would be offered?
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