What was the highest mortgage rate in history?
What was the highest mortgage rate in history? October of 1981 saw the highest 30-year fixed mortgage rate in history. The rate was around 18.63%.
Since the housing crisis ended around 2008, borrowers have been able to get mortgage rates between 3.5% and 4.98% for a 30-year fixed rate loan. Borrowers who can afford a 15-year payment have enjoyed rates as low as 2.9%.
What was the lowest mortgage payment in history?
November of 2012 was lowest 30-year fixed mortgage rate in history. The rate dropped all the way down to 3.31%. Interest rates remained in that range until June 2013, when interest rates increased to 4.3% to 4.5%.\
Todays Interest Rates
Todays Interest rates are the lowest since Freddie Mac started tracking them in 1971.
The new average interest rate on a 30-year fixed-rate mortgage broke below 3% this week—for the first time ever—to 2.98%, according to Freddie Mac’s latest Primary Mortgage Market Survey. Some rates falling to 2.6%
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