The Average Home Loan Rate Over The Past 50 Years

Mortgage and Lending with American Financial Network NMLS #196099

Here is some perspective on current interest rates: Over the past fifty years the average interest rate on 30-year fixed rate home loans have averaged out to 8%. I bought my first house in 1983 with a 14% FHA loan, and was grateful to get 14% because conforming loans were 16%+. I bought my next house using an Adjustable Rat Loan (ARM) at 7.25%, and my rate adjusted each year in May; fortunately we were experiencing a declining bond market, so my rate slowly dropped into the 5% range over seven years. My next house came with a 9% fixed rate mortgage. The home in which we are living now has a 2.5% rate. Even if rates double to 5% over the coming years, we will still be three points lower than the average rate.


Markita Woods

Loan Officer and Branch Manager
Northern Virginia suburbs of Washington DC

American Financial Network
3002 Old Bridge Road, Suite A
Woodbridge, VA 22192
Equal Lending Opportunity

Comments (1)

Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful weekend!

Nov 13, 2020 07:08 AM