Housing Prices, Affordability & Mortgages · Federal Housing Finance Agency (FHFA)
U.S. Mortgage Origination Interest Rate by Year (1998-2025)
Published by the Federal Housing Finance Agency (FHFA) National Mortgage Database (NMDB), this series tracks the annual loan-count-weighted average contract interest rate on newly originated single-family purchase and refinance mortgages across all loan terms and types from 1998 to 2025. In 2025, mortgage origination rate recorded 6.3% at Origination, compared with 6.4 in 2024. Across the 28-year archive (1998-2025), readings have ranged between 3.0 (2021) and 8.4 (2000).
Series Summary Ledger
- 2025 Reading6.3
- 2024 Reading6.4
- All-Time High (2000)8.4
- All-Time Low (2021)3.0
- Reporting Unit% at Origination
- Series CodeNMDB AVE_INTRATE (USA All Mortgages)
Federal Housing Finance Agency (FHFA) · 1998-2025
U.S. Mortgage Origination Interest Rate by Year (1998-2025)
2025 Reading: 6.3 % at Origination
Loading historical series...
DECADE BENCHMARKS (1950s-2020s)
Mortgage Origination Rate by Decade
| Decade | Mean | Min | Max |
|---|---|---|---|
| 1990s | 7.3 | 7.1 | 7.5 |
| 2000s | 6.5 | 5.1 | 8.4 |
| 2010s | 4.2 | 3.8 | 4.7 |
| 2020s | 5.0 | 3.0 | 6.5 |
Mortgage Origination Rate Year-by-Year Historical Table (1998-2025)
Source: Federal Housing Finance Agency (FHFA) (NMDB AVE_INTRATE (USA All Mortgages))| Year | Mortgage Origination Rate (% at Origination) | Annual Change |
|---|---|---|
| 2025 | 6.3 | -0.1 |
| 2024 | 6.4 | -0.1 |
| 2023 | 6.5 | +1.8 |
| 2022 | 4.7 | +1.7 |
| 2021 | 3.0 | -0.2 |
| 2020 | 3.2 | -1.0 |
| 2019 | 4.2 | -0.5 |
| 2018 | 4.7 | +0.5 |
| 2017 | 4.2 | +0.4 |
| 2016 | 3.8 | -0.2 |
| 2015 | 4.0 | -0.3 |
| 2014 | 4.3 | +0.4 |
| 2013 | 3.9 | +0.1 |
| 2012 | 3.8 | -0.6 |
| 2011 | 4.4 | -0.3 |
| 2010 | 4.7 | -0.4 |
| 2009 | 5.1 | -1.1 |
| 2008 | 6.2 | -0.7 |
| 2007 | 6.9 | -0.2 |
| 2006 | 7.1 | +0.7 |
| 2005 | 6.4 | +0.4 |
| 2004 | 6.0 | +0.3 |
| 2003 | 5.7 | -0.8 |
| 2002 | 6.5 | -0.6 |
| 2001 | 7.1 | -1.3 |
| 2000 | 8.4 | +0.9 |
| 1999 | 7.5 | +0.4 |
| 1998 | 7.1 | - |
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