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

6.95%

Sep 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.

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

$906 vs today

2023 peak (Oct 2023)

7.79% APR

$2,517/mo

+$200 vs today

Today (Sep 2026)

6.95% APR

$2,317/mo

Principal and interest only. Does not include taxes, insurance, or PMI. Compare lenders at today's mortgage rates.

Last 52 weeks. Source: Freddie Mac PMMS via FRED.