The average fixed 30-year mortgage rate fell by 12bps to 4.96 percent in the week ending December 7th 2018. Mortgage Rate in the United States averaged 6.28 percent from 1990 until 2018, reaching an all time high of 10.56 percent in April of 1990 and a record low of 3.47 percent in December of 2012.
Mortgage Rate in the United States is expected to be 5.17 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Rate in the United States to stand at 5.67 in 12 months time. In the long-term, the United States MBA 30-Yr Mortgage Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.