This chart shows the 30-Year and 15-Year Fixed Rate Mortgage Average in the United States. Every week since April 1971, Freddie Mac surveys lenders on rates for conventional home purchase mortgages. Mortgage rates are driven by Federal Reserve monetary policy, the 10-year Treasury yield, and overall credit conditions. The sharp 2022–2023 spike reflects the fastest Fed hiking cycle in decades, pushing 30-year rates above 8% for the first time since 2000. Data sourced from FRED (Federal Reserve Bank of St. Louis).