US 30 Year Mortgage Rates
Feb 5, 2016
This morning I read in the news that the “Average 30-year mortgage rate falls for a fifth straight week” (3.72%). I checked whether the data was available to verify this headline. Fortunately, the Federal Reserve Bank of St. Louis offers this data set on their website. It's called MORTGAGE30US, and the data goes back to 1971.
Looking at the data, it’s true that the 30-year mortgage rate has been falling over the last couple of weeks. However, it's not the lowest point on the graph. In fact, last year around the same time, it was even lower (3.59%):
