Historical Interest Rate Chart + Seattle Area Real Estate Report

Historic Mortgage Interest Rate Chart

How Today Compares to Historical Interest Rates

With mortgage interest rates rising many home buyers are asking the question of how today’s rates compare with historical rates of the past. This chart shows the average annual mortgage interest rate as tracked by Freddie Mac for the past 46 years.

The current 30-year fixed rate mortgage is right around 4.32%. Compare that with the historical 46-year average of 8.17% and rates still look phenomenal. Yes, they are up from a low of 3.65% in 2016…but nowhere near the high of 16.63% in 1981.

Often its hard to picture just how that pencils out. So, let’s compare the monthly principal and interest payment (not including taxes and insurance) on a $750,000 mortgage at each of these rates to see just how big of a factor the interest rate is.

@ the current rate of 4.32% – $3,720

@ the 46-year low of 3.65% – $3,431

@ the 46-year average of 8.17% – $5,592

@ the 46-year high of 16.63% – $10,478

Historical Mortgage Interest Rate Chart

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© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.