The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) in the US fell by 23bps to 6.48% in the week ended March 17th 2023, declining for a second consecutive week, and by the most since mid-November. Borrowing costs are now at the lowest level in near a month, after the turmoil in the banking sector sent Treasury yields lower. However, mortgage rates are still much higher than 4.5% a year ago. At the same time, Treasury yields rebounded from March 20th as concerns over the health of the global financial system eased amid government interventions to shore up confidence. source: Mortgage Bankers Association of America

Mortgage Rate in the United States averaged 6.01 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 March of 2023.

Mortgage Rate in the United States is expected to be 7.00 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 Actual Previous Consensus TEForecast
2023-03-15 11:00 AM Mar/10 6.71% 6.79%
2023-03-22 11:00 AM Mar/17 6.48% 6.71%
2023-03-29 11:00 AM Mar/24 6.48%


Related Last Previous Unit Reference
Mortgage Rate 6.48 6.71 percent Mar 2023
Mortgage Applications 3.00 6.50 percent Mar 2023
30 Year Mortgage Rate 6.42 6.60 percent Mar 2023
MBA Purchase Index 169.30 165.60 points Mar 2023
MBA Mortgage Refinance Index 481.30 458.90 points Mar 2023
MBA Mortgage Market Index 221.00 214.50 points Mar 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
6.48 6.71 10.56 2.85 1990 - 2023 percent Weekly

News Stream
US Mortgage Rates Fall the Most in 4 Months: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) in the US fell by 23bps to 6.48% in the week ended March 17th 2023, declining for a second consecutive week, and by the most since mid-November. Borrowing costs are now at the lowest level in near a month, after the turmoil in the banking sector sent Treasury yields lower. However, mortgage rates are still much higher than 4.5% a year ago. At the same time, Treasury yields rebounded from March 20th as concerns over the health of the global financial system eased amid government interventions to shore up confidence.
2023-03-22
US Mortgage Rates Fall for 1st Time in 5 Weeks: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) fell 8bps to 6.71% in the week ended March 10th 2023, data from the Mortgage Bankers Association (MBA) showed. It is the first decline in five weeks after the collapse of SVB prompted a bond rally. Still, mortgage rates hold close to November highs.
2023-03-15
US Mortgage Rates Continue to March Higher: MBA
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased by 8bps to 6.79% in the week ended March 3rd 2023, data from the Mortgage Bankers Association (MBA) showed. Borrowing costs rose for a fourth consecutive week, by a total of 61bps to fresh highs not seen since November, prompted by expectations the Fed would need to keep monetary policy restrictive for a longer period.
2023-03-08