30 Year Fixed Mortgage Rate
From December 2020 to March 2023,
the cost of mortgage money more than doubled.
Ten Years of lower-cost money,
April 2013 to March 2023
April 1971 to March 2023,
the peak of 18.44% was October 1981.
The gray bands denotes recessions. Over the previous fifty years, the 30 Year Fixed Mortgage Rate has ranged from 18.44% to 2.67%.