Mortgage rate trends - a historical look

Mortgage rate trends show that we are still in a historically low period of time for 30 year fixed interest rates. 2008 has been an especially good time to secure a low rate as the average in March was 5.85%. The mortgage rate chart below confirms that the market - at least pertaining to rates - is as good as ever for those looking to refinance or purchase.

Mortgage Rate Trends - Historical Chart
2007		2006		2005		2004		2003		2002
Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points
6.34	.43	6.41	.5	5.87	.6	5.84	.6	5.83	.6	6.54	.6
2001		2000		1999		1998		1997		1996
Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points
6.97	.9	8.05	1.0	7.44	1.0	6.94	1.1	7.6	1.7	7.81	1.7
1995		1994		1993		1992		1991		1990
Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points
7.93	1.8	8.38	1.8	7.31	1.6	8.39	1.7	9.25	2.0	10.13	2.1
1989		1988		1987		1986		1985		1984
Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points
10.32	2.1	10.34	2.1	10.21	2.2	10.19	2.2	12.43	2.5	13.88	2.5
1983		1982		1981		1980		1979		1978
Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points
13.24	2.1	16.04	2.2	16.63	2.1	13.74	1.8	11.2	1.6	9.64	1.3
1977		1976		1975		1974		1973		1972
Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points	Rate	Points
8.85	1.1	8.87	1.2	9.05	1.1	9.19	1.2	8.04	.1.0	7.38	.9

Mortgage rate trends data taken from FreddieMac.com.