Mortgage Rates Back In An Uptrend Trend On 30 Year-Fixed

30-Year Fixed Rate Mortgage Average in the United States (FRED:MORTGAGE30US)

FRED:MORTGAGE30US 30-Year Fixed Rate Mortgage Average in the United States

Fundamental Analysis Chart Patterns Trend Analysis mortgage realestate refinance purchase REFI interest rates 30year

fundamental chartpattern trendanalysis mortgage realestate refinance purchase refi interest rates 30year

Historically in America the interest rate for a 30 year fixed has been in a multi-decade down trend. As of January 2021 the rate for a 30 year fixed dropped to a historical low of around 2.65% and has since reversed in trend. This year we can potentially see rates continue to rise up to 3.75% as we're in secondary uptrend on the line chart. Currently we're at around 3.45% up 30% from 2.65% we seen last year.