30-Year Mortgage Rate

Source: FRED (MORTGAGE30US) | Frequency: weekly | Last updated: April 7, 2026

What This Means for You

At 6.46%, the 30-year fixed mortgage rate directly affects home affordability. On a $400,000 loan, the monthly principal and interest payment is approximately $2518. Compared to a 3% rate, this means roughly $831 more per month. (Source: Freddie Mac via FRED)

10-Year History

Historical Context

Over the past 10 years, the 30-Year Mortgage Rate has ranged from a low of 2.65% in January 2021 to a high of 7.79% in October 2023, with an average of approximately 4.83%. The current value of 6.46% is in the upper portion of its 10-year range. (Source: FRED via FRED)

Related Rates Indicators

The 30-Year Mortgage Rate is part of the rates category. Related indicators include: 10-Year Treasury Yield (currently 4.33%), 2-Year Treasury Yield (currently 3.81%), 30-Year Treasury Yield (currently 4.90%), Federal Funds Rate (currently 3.64%). The Federal Funds Rate sets the floor for short-term borrowing costs, while the 10-Year Treasury yield reflects longer-term expectations. When the Fed raises its target rate, short-term yields typically respond quickly, but long-term yields may move independently based on inflation expectations and economic outlook. The spread between long and short-term rates (the yield curve) is closely watched as a recession indicator. The prime rate moves in lockstep with the Fed Funds Rate, directly affecting variable-rate consumer loans. (Source: FRED)

What to Watch

Economists and analysts monitor the 30-Year Mortgage Rate for trend changes that may signal shifts in economic conditions. This data is released weekly and is subject to revision. Changes in this indicator can ripple through related areas of the economy. Historical patterns do not guarantee future outcomes. (Source: FRED)

Limitations of This Data

This data is released weekly and reflects conditions as of the most recent reporting period. Economic data is frequently revised as more complete information becomes available; initial releases may differ significantly from final figures. This indicator measures one dimension of the economy and should be considered alongside other data for a more complete picture. (Source: FRED)

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