David Shippey
https://www.davidshippey.com/blog/mortgage-interest-rates-seem-high-lets-take-a-look


Mortgage Interest Rates Seem High, Lets Take a Look.

Posted By: David Shippey In: Mortgage Interest Rates
Date: Mon, Jun 20th 2022 9:32 am

With the recent increase in our mortgage interest rates, some buyers are alarmed. But, lets take a look over the years. Here are a few snapshots for you to consider:

1970s - Average 30-year fixed mortgage: 9.03%

1980s - Average 30-year fixed mortgage: 12.7%

1990s - Average 30-year fixed mortgage: 8.12%

2000s - Average 30-year fixed mortgage: 6.29%

2010s - Average 30-year fixed mortgage: 4.08%

As of 6/16/2022, the average interest rate is at 5.78% for a 30-year fixed mortgage.

For more information on interest rates and the causes, Click Here.