FRED · Freddie Mac PMMS · Updated weekly
30-Year Mortgage Rate History
From a record low of 2.65% in January 2021 to a 20-year high above 7% in 2023 — the full rate cycle and what it meant in dollars on a $350k mortgage.
Today's avg rate
6.72%
Jun 2026
Archive high
7.79%
Since 2020 archive
Record low
2.65%
Jan 2021
30-Year Fixed Rate (Freddie Mac PMMS via FRED — weekly)
Freddie Mac Primary Mortgage Market Survey. National average — individual rates vary by credit score, LTV, and lender.
Chart data loads after the weekly FRED sync (Sundays at 3am UTC).
What each rate level means on a $350,000 mortgage
Monthly payment on a 30-year fixed loan at different points in the cycle. The difference between the peak and today is hundreds of dollars a month.
Pandemic low (Jan 2021)
2.65% APR
$1,410/mo
$853 vs today
2023 peak (Oct 2023)
7.79% APR
$2,517/mo
+$254 vs today
Today (Jun 2026)
6.72% APR
$2,263/mo
Principal and interest only. Does not include taxes, insurance, or PMI. Compare lenders at today's mortgage rates.