The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) in the US was unchanged at 7.31% in the week ending August 25, 2023, remaining the highest since December 2000. source: Mortgage Bankers Association of America

Mortgage Rate in the United States averaged 6.02 percent from 1990 until 2023, 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 August of 2023.

Mortgage Rate in the United States is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States MBA 30-Yr Mortgage Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-23 11:00 AM Aug/18 7.31% 7.16%
2023-08-30 11:00 AM Aug/25 7.31% 7.31%
2023-09-06 11:00 AM Sep/01 7.31%


Related Last Previous Unit Reference
Mortgage Rate 7.31 7.31 percent Aug 2023
Mortgage Applications 2.30 -4.20 percent Aug 2023
MBA Purchase Index 144.90 142.00 points Aug 2023
MBA Mortgage Refinance Index 407.10 397.10 points Aug 2023
MBA Mortgage Market Index 189.00 184.80 points Aug 2023
30 Year Mortgage Rate 7.23 7.09 percent Aug 2023
15 Year Mortgage Rate 6.55 6.46 percent Aug 2023

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
7.31 7.31 10.56 2.85 1990 - 2023 percent Weekly

News Stream
US 30-Year Mortgage Rate Steady at 7.31%
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) in the US was unchanged at 7.31% in the week ending August 25, 2023, remaining the highest since December 2000.
2023-08-30
US Mortgage Rates Highest since 2000: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) in the US increased by 15 bps to 7.31% in the week ending August 18, 2023, the highest since December 2000. “Treasury yields continued to spike last week as markets grappled with illiquidity and concerns that the resilient economy will keep inflation stubbornly high,” said Joel Kan, an MBA economist in a release.
2023-08-23
US 30-Year Mortgage Rate Hits 7.16%
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) in the US increased by 7 bps to 7.16% in the week ending August 11, 2023, the highest since October 2022. “Treasury rates were elevated again last week following mixed data on inflation and more indication of resiliency in the economy, which may pose a challenge to the Federal Reserve’s efforts to lower inflation,” said Joel Kan, an MBA economist.
2023-08-16