How Do Mortgage Rates Today Compare to 1990?

January 14, 2022

Mortgages and the world have changed a lot since 1990. We've seen the mass adoption of the internet, social media flourish, tech giants rise and major companies fall. Thankfully, mortgage rates for 30-Year Fixed-Rate Mortgages have steadily fallen from an average of 10.13% in 1990 to 2.96% in 2021.

If you want to see an in-depth breakdown of how Mortgage rates have evolved over the years we recommend getting in touch with one of BNC's experience d Mortgage Lenders or visiting Freddie Mac's website.