The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) in the US rose to 6.99% in the week ended January 3rd 2025, from 6.97% in the previous week, according to the Mortgage Bankers Association. Mortgage rates extended the rise to hit a new high since July, tracking gains in Treasury yields, driven by the Federal Reserve's hawkish outlook and concerns about the potential impact of measures proposed by the upcoming Trump administration. source: Mortgage Bankers Association of America

Fixed 30-year mortgage rates in the United States averaged 6.99 percent in the week ending January 3 of 2024. Mortgage Rate in the United States averaged 6.06 percent from 1990 until 2025, reaching an all time high of 10.56 percent in April of 1990 and a record low of 2.85 percent in December of 2020. This page provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States MBA 30-Yr Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Fixed 30-year mortgage rates in the United States averaged 6.99 percent in the week ending January 3 of 2024. Mortgage Rate in the United States is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2025-01-02 12:00 PM
MBA 30-Year Mortgage Rate
Dec/27 6.97% 6.75%
2025-01-08 12:00 PM
MBA 30-Year Mortgage Rate
Jan/03 6.99% 6.97%
2025-01-15 12:00 PM
MBA 30-Year Mortgage Rate
Jan/10 6.99%


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.14 6.13 percent Jan 2025
30-Year Mortgage Rate 6.93 6.91 percent Jan 2025
Average Mortgage Size 402.87 409.94 Thousand USD Nov 2024
MBA Mortgage Market Index 168.40 174.90 points Jan 2025
MBA Mortgage Refinance Index 401.10 395.10 points Jan 2025
MBA Purchase Index 127.70 136.70 points Jan 2025
MBA Mortgage Applications -3.70 -12.60 percent Jan 2025
MBA 30-Year Mortgage Rate 6.99 6.97 percent Jan 2025

United States MBA 30-Yr Mortgage Rate
MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.
Actual Previous Highest Lowest Dates Unit Frequency
6.99 6.97 10.56 2.85 1990 - 2025 percent Weekly


News Stream
US Mortgage Rates Hit Fresh July-Highs: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) in the US rose to 6.99% in the week ended January 3rd 2025, from 6.97% in the previous week, according to the Mortgage Bankers Association. Mortgage rates extended the rise to hit a new high since July, tracking gains in Treasury yields, driven by the Federal Reserve's hawkish outlook and concerns about the potential impact of measures proposed by the upcoming Trump administration.
2025-01-08
US Mortgage Rates Rise to Over 5-Month High: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) in the US rose to 6.97% in the week ended December 27, 2024, from 6.75% in the previous period, according to the Mortgage Bankers Association. It was the highest since early July, reflecting the upward trend in long-term Treasury yields driven by the Federal Reserve's hawkish outlook. Mortgage rates, which were lower than last year for much of 2024, are now 21 basis points higher than they were a year ago.
2025-01-02
US Mortgage Rates Rise Again: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) in the US rose to 6.75% in the week ended December 13th, 2024, from 6.67% in the previous period which was the lowest in seven weeks, according to the Mortgage Bankers Association. It marks the first increase in mortgage rates in four weeks, tracking Treasury yields higher, amid expectations of a slower pace of Federal Reserve rate cuts next year. Meanwhile, the rate for jumbo loans, or the 30-year mortgage for homes sold for over $766,550, was 7.03%, up 7 bps from the previous week. The average rate for a 30-year mortgage backed by the Federal Housing Administration, was 6.72%, up 2 basis points.
2024-12-18