Mortgage rate history: 1972 to 2026

18 hours ago 2

Andrew Dehan

Tue, July 14, 2026 astatine 10:33 AM CDT 9 min read

Key takeaways

As of July 9, 2026, the mean complaint for a 30-year, fixed indebtedness was 6.49% — up from the opening of the year, and lone a interaction little than the 2025 mean of 6.66%.
Over the past 4 decades, the 30-year fixed complaint ranged from a 2021 debased of 2.65% to a 1981 precocious supra 18%.
The mean 30-year fixed complaint bottomed successful 2021 astatine conscionable nether 3%.
87% of each borrowers successful 2025 paid much than the astir competitory complaint disposable to them, according to Bankrate's Hidden Homeownership Tax probe — meaning complaint past matters little to your measure than whether you really shopped your ain rate.

The residential mortgage arsenic we cognize it contiguous is little than a period old. In fact, until the Federal Housing Administration (FHA) was established successful 1934, lone 1 successful 10 Americans adjacent owned a home. That each changed with the instauration of the 30-year fixed-rate owe during the Great Depression, which made homeownership imaginable for millions.

Recent changes successful owe rates person enactment a strain connected the lodging market. Historically debased rates astatine the commencement of the 2020s led to a surge successful location prices, and rates person stayed consistently betwixt 6% and 7% since the Federal Reserve raised rates successful 2022. However, location prices stay high. This operation of climbing prices with higher-than-recent rates has made lodging affordability a large problem.

Mortgage rates implicit clip

Average 30-year fixed owe complaint by year

Here is simply a timeline of the mean 30-year fixed owe complaint by year. Bankrate archetypal began aggregating complaint information successful 1982; each information anterior was sourced from Freddie Mac. The 2026 mean is done July 9.

Year	30-year fixed-rate average
2026	6.28%
2025	6.66%
2024	6.90%
2023	7.00%
2022	5.53%
2021	3.15%
2020	3.38%
2019	4.13%
2018	4.70%
2017	4.14%
2016	3.79%
2015	3.99%
2014	4.31%
2013	4.16%
2012	3.88%
2011	4.65%
2010	4.86%
2009	5.38%
2008	6.23%
2007	6.40%
2006	6.47%
2005	5.93%
2004	5.88%
2003	5.89%
2002	6.57%
2001	7.01%
2000	8.08%
1999	7.46%
1998	6.91%
1997	7.57%
1996	7.76%
1995	7.86%
1994	8.28%
1993	7.17%
1992	8.27%
1991	9.09%
1990	9.97%
1989	10.25%
1988	10.38%
1987	10.40%
1986	10.39%
1985	12.43%
1984	13.88%
1983	13.24%
1982	16.06%
1981	16.64%*
1980	13.74%*
1979	11.20%*
1978	9.64%*
1977	8.85%*
1976	8.87%*
1975	9.05%*
1974	9.19%*
1973	8.04%*
1972	7.38%*

* Freddie Mac complaint data

Current owe rates

As of July 14, 2026, the mean 30-year fixed owe complaint is 6.64%, per Bankrate's lender survey. Freddie Mac's Primary Mortgage Market Survey, a abstracted play benchmark based connected conforming acquisition loans with 20% down and beardown credit, enactment the 30-year fixed mean astatine 6.49% arsenic of July 9, 2026 — up from 6.43% the week earlier and down from 6.72% a twelvemonth earlier.

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