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HousingLower is better
30-Year Fixed Mortgage Rate
Average interest rate on a 30-year fixed mortgage. Key driver of housing affordability.
Source: FRED
Latest reading
6.44-0.37 vs last year
May 20266.44%
2.00%3.50%6.50%12.0%
About this range
Rates of 3.5–6.5% balance buyer affordability with reasonable lender returns. Below 3.5% typically reflects emergency monetary policy or recession conditions. Above 6.5% significantly strains affordability and can freeze housing activity.
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