Mortgage Rate Comparison

Mortgage Rates Through the Years

Here’s an overview of mortgage rates in the past four decades, as well as the approximate payment on a $200,000 mortgage and how it changes with the rise and fall of rates, according to Freddie Mac.

• 1970s
  Average 30-year fixed-rate mortgage: 8.86%
  Approximate payment on a $200,000 mortgage: $1,589
• 1980s
  Average 30-year fixed-rate mortgage: 12.70%
  Approximate payment on a $200,000 mortgage: $2,166
• 1990s
  Average 30-year fixed-rate mortgage: 8.12%
  Approximate payment on a $200,000 mortgage: $1,484
• 2000s
  Average 30-year fixed-rate mortgage: 6.29%
  Approximate payment on a $200,000 mortgage: $1,237
• 2014
  Average 30-year fixed-rate mortgage: 4.36%
  Approximate payment on a $200,000 mortgage: $997

Source: “Mortgage Rates: From Dirt Cheap, to Cheap,” Freddie Mac (March 24, 2014)

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