30-Year Mortgage Rate
30-Year Fixed Rate Mortgage Average in the US.
6.53
Percent
Min
2.65
Max
18.63
Average
7.69
10Y Percentile
77%
3M Change
+2.5%
3-Month
+2.5%
6-Month
+3.7%
12-Month
+8.8%
What this means
The 30‑year mortgage rate is climbing, signaling tighter credit conditions for homebuyers. This upward move suggests slower housing market activity.
Historically, rising rates weigh on residential real‑estate stocks while boosting banks and pushing bond yields higher.
Related Charts
Frequently Asked Questions
What is the current 30-year mortgage rate?
The 30-year fixed mortgage rate is the average rate offered by lenders for a standard 30-year home loan. It is reported weekly by Freddie Mac and is the most commonly referenced mortgage rate benchmark.
What drives mortgage rates?
Mortgage rates are primarily driven by the 10-Year Treasury yield, inflation expectations, and Fed monetary policy. They do not directly follow the federal funds rate — the relationship is indirect, through the bond market.
How do mortgage rates affect the housing market?
Higher rates reduce affordability, which tends to cool housing demand and slow home price growth. Lower rates increase buying power, supporting housing activity. The historical chart on this page shows this relationship across past rate cycles.