Historical 15 Year Mortgage Rates
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1992 1993 1994 1995 1996
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7.96 6.83 7.86 7.50 7.31
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1997 1998 1999 2000 2001
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7.13 6.59 7.05 7.73 6.51
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2002 2003 2004 2005 2006
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5.98 5.16 5.21 5.42 6.07
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2007 2008 2009
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6.03 5.62 4.58
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Average annual rates for the 15 Year Mortgage are shown in this table: 1992 to present
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Average daily rate per month for conventional 15 year mortgage rates are shown in gray. Source:
Freddie Mac. The forecast for the target month is shown in green.
15 Year Mortgage Rate - 5 Year History
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15 Year Mortgage Rate Forecast
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Forecast for the average daily mortgage interest rate for the 15 year mortgage during the target month shown at the left.
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Updated Monday, August 9, 2010.
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15 Year Mortgage Forecast
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Market Commentary 4797
July, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.12% in one year. The table shows a HDTFA of 0.46% which suggests
that the August, 2011 rate could easily fall between 4.58% and 3.66%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
MONTHLY 15 YEAR MORTGAGE RATE
2009 - Aug 4.6%
2009 - Sep 4.5%
2009 - Oct 4.4%
2009 - Nov 4.3%
2009 - Dec 4.4%
2010 - Jan 4.4%
2010 - Feb 4.4%
2010 - Mar 4.3%
2010 - Apr 4.4%
2010 - May 4.3%
2010 - Jun 4.2%
2010 - Jul 4.0%
HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months) 4.36%.
Average (Last 10 Years) 5.62%
High (Last 12 Months) 4.61% (August, 2009)
Low (Last 12 Months) 4.04% (July, 2010)
High (Since September, 1991) 8.80% (January, 1995)
Low (Since September, 1991) 4.04% (July, 2010)
The 15 Year Mortgage Rate for July, 2010 averaged 4.04%. That's 14 basis
points lower than the June, 2010 rate of 4.18%, and 65 basis points lower than
the July, 2009 rate of 4.69%. The fall in rates from June to July indicates that
the short term rate trend has been down. If that market trend continues, we
should see an average daily rate in August, 2010 that is close to 3.9%.
The average 15 Year Mortgage Rate for the last 12 months was 4.36%. The
average rate over the last 10 years was 5.62%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.61%. The lowest was
4.04%. The high annual rate was attained in August, 2009. The market low was
achieved in July, 2010.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.44%. The highest rate was 8.80%. The lowest rate was 4.04%. The
market high was attained in January, of 1995. The market low was achieved in
July of 2010. Recent rates experienced in July of 2010 are low relative to the
historical 6.44% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Market Commentary 4187
June, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.26% in one year. The table shows a HDTFA of 0.47% which suggests
that the July, 2011 rate could easily fall between 4.74% and 3.79%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
MONTHLY 15 YEAR MORTGAGE RATE
2009 - Jul 4.7%
2009 - Aug 4.6%
2009 - Sep 4.5%
2009 - Oct 4.4%
2009 - Nov 4.3%
2009 - Dec 4.4%
2010 - Jan 4.4%
2010 - Feb 4.4%
2010 - Mar 4.3%
2010 - Apr 4.4%
2010 - May 4.3%
2010 - Jun 4.2%
HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months) 4.41%.
Average (Last 10 Years) 5.65%
High (Last 12 Months) 4.69% (July, 2009)
Low (Last 12 Months) 4.18% (June, 2010)
High (Since September, 1991) 8.80% (January, 1995)
Low (Since September, 1991) 4.18% (June, 2010)
The 15 Year Mortgage Rate for June, 2010 averaged 4.18%. That's 10 basis
points lower than the May, 2010 rate of 4.28%, and 72 basis points lower than
the June, 2009 rate of 4.9%. The fall in rates from May to June indicates that
the short term rate trend has been down. If that market trend continues, we
should see an average daily rate in July, 2010 that is close to 4.08%.
The average 15 Year Mortgage Rate for the last 12 months was 4.41%. The
average rate over the last 10 years was 5.65%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.69%. The lowest was
4.18%. The high annual rate was attained in July, 2009. The market low was
achieved in June, 2010.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.45%. The highest rate was 8.80%. The lowest rate was 4.18%. The
market high was attained in January, of 1995. The market low was achieved in
June of 2010. Recent rates experienced in June of 2010 are low relative to the
historical 6.45% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Market Commentary 4111
May, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.37% in one year. The table shows a HDTFA of 0.49% which suggests
that the June, 2011 rate could easily fall between 4.85% and 3.88%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
MONTHLY 15 YEAR MORTGAGE RATE
2009 - Jun 4.9%
2009 - Jul 4.7%
2009 - Aug 4.6%
2009 - Sep 4.5%
2009 - Oct 4.4%
2009 - Nov 4.3%
2009 - Dec 4.4%
2010 - Jan 4.4%
2010 - Feb 4.4%
2010 - Mar 4.3%
2010 - Apr 4.4%
2010 - May 4.3%
HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months) 4.47%.
Average (Last 10 Years) 5.68%
High (Last 12 Months) 4.90% (June, 2009)
Low (Last 12 Months) 4.28% (May, 2010)
High (Since September, 1991) 8.80% (January, 1995)
Low (Since September, 1991) 4.28% (May, 2010)
The 15 Year Mortgage Rate for May, 2010 averaged 4.28%. That's 14 basis
points lower than the April, 2010 rate of 4.42%, and 24 basis points lower than
the May, 2009 rate of 4.52%. The fall in rates from April to May indicates that
the short term rate trend has been down. If that market trend continues, we
should see an average daily rate in June, 2010 that is close to 4.14%.
The average 15 Year Mortgage Rate for the last 12 months was 4.47%. The
average rate over the last 10 years was 5.68%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.90%. The lowest was
4.28%. The high annual rate was attained in June, 2009. The market low was
achieved in May, 2010.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.46%. The highest rate was 8.80%. The lowest rate was 4.28%. The
market high was attained in January, of 1995. The market low was achieved in
May of 2010. Recent rates experienced in May of 2010 are low relative to the
historical 6.46% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Market Commentary 4035
April, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.64% in one year. The table shows a HDTFA of 0.53% which suggests
that the May, 2011 rate could easily fall between 5.17% and 4.12%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
MONTHLY 15 YEAR MORTGAGE RATE
2009 - May 4.5%
2009 - Jun 4.9%
2009 - Jul 4.7%
2009 - Aug 4.6%
2009 - Sep 4.5%
2009 - Oct 4.4%
2009 - Nov 4.3%
2009 - Dec 4.4%
2010 - Jan 4.4%
2010 - Feb 4.4%
2010 - Mar 4.3%
2010 - Apr 4.4%
HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months) 4.49%.
Average (Last 10 Years) 5.71%
High (Last 12 Months) 4.90% (June, 2009)
Low (Last 12 Months) 4.33% (March, 2010)
High (Since September, 1991) 8.80% (January, 1995)
Low (Since September, 1991) 4.33% (March, 2010)
The 15 Year Mortgage Rate for April, 2010 averaged 4.42%. That's 9 basis
points higher than the March, 2010 rate of 4.33%, and 8 basis points lower than
the April, 2009 rate of 4.5%. The rise in rates from March to April indicates that
the short term rate trend has been up. If that market trend continues, we should
see an average daily rate in May, 2010 that is close to 4.51%.
The average 15 Year Mortgage Rate for the last 12 months was 4.49%. The
average rate over the last 10 years was 5.71%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.90%. The lowest was
4.33%. The high annual rate was attained in June, 2009. The market low was
achieved in March, 2010.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.47%. The highest rate was 8.80%. The lowest rate was 4.33%. The
market high was attained in January, of 1995. The market low was achieved in
March of 2010. Recent rates experienced in April of 2010 are low relative to the
historical 6.47% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Market Commentary 3425
March, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.42% in one year. The table shows a HDTFA of 0.50% which suggests
that the April, 2011 rate could easily fall between 4.92% and 3.91%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
MONTHLY 15 YEAR MORTGAGE RATE
2009 - Apr 4.5%
2009 - May 4.5%
2009 - Jun 4.9%
2009 - Jul 4.7%
2009 - Aug 4.6%
2009 - Sep 4.5%
2009 - Oct 4.4%
2009 - Nov 4.3%
2009 - Dec 4.4%
2010 - Jan 4.4%
2010 - Feb 4.4%
2010 - Mar 4.3%
HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months) 4.50%.
Average (Last 10 Years) 5.74%
High (Last 12 Months) 4.90% (June, 2009)
Low (Last 12 Months) 4.33% (March, 2010)
High (Since September, 1991) 8.80% (January, 1995)
Low (Since September, 1991) 4.33% (March, 2010)
The 15 Year Mortgage Rate for March, 2010 averaged 4.33%. That's 4 basis
points lower than the February, 2010 rate of 4.37%, and 31 basis points lower
than the March, 2009 rate of 4.64%. The minor movement in rates from
February to March indicates that the short term rate trend has been relatively
flat. If that market trend continues, we should see an average daily rate in April,
2010 that is close to 4.29%.
The average 15 Year Mortgage Rate for the last 12 months was 4.50%. The
average rate over the last 10 years was 5.74%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.90%. The lowest was
4.33%. The high annual rate was attained in June, 2009. The market low was
achieved in March, 2010.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.48%. The highest rate was 8.80%. The lowest rate was 4.33%. The
market high was attained in January, of 1995. The market low was achieved in
March of 2010. Recent rates experienced in March of 2010 are low relative to
the historical 6.48% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Market Commentary 3349
February, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.46% in one year. The table shows a HDTFA of 0.51% which suggests
that the March, 2011 rate could easily fall between 4.97% and 3.94%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
MONTHLY 15 YEAR MORTGAGE RATES
2009 - Mar 4.6%
2009 - Apr 4.5%
2009 - May 4.5%
2009 - Jun 4.9%
2009 - Jul 4.7%
2009 - Aug 4.6%
2009 - Sep 4.5%
2009 - Oct 4.4%
2009 - Nov 4.3%
2009 - Dec 4.4%
2010 - Jan 4.4%
2010 - Feb 4.4%
HISTORICAL 15 YEAR MORTGAGE RATE
Average Rate (Last 12 Months) 4.52%.
Average Rate (Last 10 Years) 5.77%
Highest Rate (Last 12 Months) 4.90% (June, 2009)
Lowest Rate (Last 12 Months) 4.34% (November, 2009)
Highest Rate (Since September, 1991) 8.80% (January, 1995)
Lowest Rate (Since September, 1991) 4.34% (November, 2009)
The 15 Year Mortgage Rate for February, 2010 averaged 4.37%. That's 7
basis points lower than the January, 2010 rate of 4.44%, and 40 basis points
lower than the February, 2009 rate of 4.77%. The fall in rates from January to
February indicates that the short term rate trend has been down. If that market
trend continues, we should see an average daily rate in March, 2010 that is
close to 4.3%.
The average 15 Year Mortgage Rate for the last 12 months was 4.52%. The
average rate over the last 10 years was 5.77%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.90%. The lowest was
4.34%. The high annual rate was attained in June, 2009. The market low was
achieved in November, 2009.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.49%. The highest rate was 8.80%. The lowest rate was 4.34%. The
market high was attained in January, of 1995. The market low was achieved in
November of 2009. Recent rates experienced in February of 2010 are low
relative to the historical 6.49% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 3273
January, 2010 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.66% in one year. The table shows a HDTFA of 0.54% which suggests
that the February, 2011 rate could easily fall between 5.20% and 4.12%. Links
to Forecasts for many other interest rates may be found on the left side of this
page.
The 15 Year Mortgage Rate for January, 2010 averaged 4.44%. That's 5 basis
points higher than the December, 2009 rate of 4.39%, and 28 basis points
lower than the January, 2009 rate of 4.72%. The rise in rates from December
to January indicates that the short term rate trend has been up. If that trend
continues, we should see an average daily rate in February, 2010 that is close
to 4.49%.
The average 15 Year Mortgage Rate for the last 12 months was 4.56%. The
average rate over the last 10 years was 5.80%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.90%. The lowest was
4.34%. The high annual rate was attained in June, 2009. The low was achieved
in November, 2009.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.50%. The highest rate was 8.80%. The lowest rate was 4.34%. The high
was attained in January, of 1995. The low was achieved in November of 2009.
Recent rates experienced in January of 2010 are low relative to the historical
6.50% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 2282
December, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. ForecastChart.com is forecasting that 15 Year Mortgage Rates will be
roughly 4.61% in one year. The table shows a HDTFA of 0.54% which suggests
that the January, 2011 rate could easily fall between 5.15% and 4.07%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
The 15 Year Mortgage Rate for December, 2009 averaged 4.39%. That's 5
basis points higher than the November, 2009 rate of 4.34%, and 65 basis
points lower than the December, 2008 rate of 5.04%. The rise in rates from
November to December indicates that the short term rate trend has been up. If
that trend continues, we should see an average daily rate in January, 2010 that
is close to 4.44%.
The average 15 Year Mortgage Rate for the last 12 months was 4.58%. The
average rate over the last 10 years was 5.83%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 4.90%. The lowest was
4.34%. The high annual rate was attained in June, 2009. The low was achieved
in November, 2009.
ForecastChart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 6.51%. The highest rate was 8.80%. The lowest rate was 4.34%. The high
was attained in January, of 1995. The low was achieved in November of 2009.
Recent rates experienced in December of 2009 are low relative to the historical
6.51% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 2206
November, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. We are forecasting that 15 Year Mortgage Rates will be roughly 4.43% in
one year. The table shows a HDTFA of 0.51% which suggests that the
December, 2010 rate could easily fall between 4.94% and 3.91%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
The 15 Year Mortgage Rate for November, 2009 averaged 4.34%. That's 5
basis points lower than the October, 2009 rate of 4.39%, and 145 basis points
lower than the November, 2008 rate of 5.79%. The fall in rates from October to
November indicates that the short term rate trend has been down. If that trend
continues, we should see an average daily rate in December, 2009 that is close
to 4.29%.
The average 15 Year Mortgage Rate for the last 12 months was 4.63%. The
average rate over the last 10 years was 5.86%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 5.04%. The lowest was
4.34%. The high annual rate was attained in December, 2008. The low was
achieved in November, 2009.
Our historical research covers 15 Year Mortgage Rate data back to September,
1991. The average annual rate during that period of history was 6.52%. The
highest rate was 8.8%. The lowest rate was 4.34%. The high was attained in
January, of 1994. The low was achieved in November of 2009. Recent rates
experienced in November of 2009 are low relative to the historical 6.52%
average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 2130
October, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. We are forecasting that 15 Year Mortgage Rates will be roughly 4.48% in
one year. The table shows a HDTFA of 0.52% which suggests that the
November, 2010 rate could easily fall between 4.99% and 3.96%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
The 15 Year Mortgage Rate for October, 2009 averaged 4.39%. That's 10
basis points lower than the September, 2009 rate of 4.49%, and 150 basis
points lower than the October, 2008 rate of 5.89%. The fall in rates from
September to October indicates that the short term rate trend has been down. If
that trend continues, we should see an average daily rate in November, 2009
that is close to 4.29%.
The average 15 Year Mortgage Rate for the last 12 months was 4.76%. The
average rate over the last 10 years was 5.88%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 5.79%. The lowest was
4.39%. The high annual rate was attained in November, 2008. The low was
achieved in October, 2009.
Our historical research covers 15 Year Mortgage Rate data back to September,
1991. The average annual rate during that period of history was 6.53%. The
highest rate was 8.8%. The lowest rate was 4.39%. The high was attained in
January, of 1994. The low was achieved in October of 2009. Recent rates
experienced in October of 2009 are low relative to the historical 6.53% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 1139
September, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. We are forecasting that 15 Year Mortgage Rates will be roughly 4.58% in
one year. The table shows a HDTFA of 0.53% which suggests that the October,
2010 rate could easily fall between 5.11% and 4.05%. Links to Forecasts for
many other interest rates may be found on the left side of this page.
The 15 Year Mortgage Rate for September, 2009 averaged 4.49%. That's 12
basis points lower than the August, 2009 rate of 4.61%, and 115 basis points
lower than the September, 2008 rate of 5.64%. The fall in rates from August to
September indicates that the short term rate trend has been down. If that trend
continues, we should see an average daily rate in October, 2009 that is close to
4.37%.
The average 15 Year Mortgage Rate for the last 12 months was 4.88%. The
average rate over the last 10 years was 5.91%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 5.89%. The lowest was
4.49%. The high annual rate was attained in October, 2008. The low was
achieved in September, 2009.
Our historical research covers 15 Year Mortgage Rate data back to September,
1991. The average annual rate during that period of history was 6.54%. The
highest rate was 8.8%. The lowest rate was 4.49%. The high was attained in
January, of 1994. The low was achieved in September of 2009. Recent rates
experienced in September of 2009 are low relative to the historical 6.54%
average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 1063
August, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. We are forecasting that 15 Year Mortgage Rates will be roughly 4.70% in
one year. The table shows a HDTFA of 0.54% which suggests that the
September, 2010 rate could easily fall between 5.24% and 4.17%. Links to
Forecasts for many other interest rates may be found on the left side of this
page.
The 15 Year Mortgage Rate for August, 2009 averaged 4.61%. That's 8 basis
points lower than the July, 2009 rate of 4.69%, and 142 basis points lower than
the August, 2008 rate of 6.03%. The fall in rates from July to August indicates
that the short term rate trend has been down. If that trend continues, we should
see an average daily rate in September, 2009 that is close to 4.53%.
The average 15 Year Mortgage Rate for the last 12 months was 4.98%. The
average rate over the last 10 years was 5.93%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 15 Year Mortgage Rates is down.
The highest annual rate over the last 12 months was 5.89%. The lowest was
4.5%. The high annual rate was attained in October, 2008. The low was
achieved in April, 2009.
Our historical research covers 15 Year Mortgage Rate data back to September,
1991. The average annual rate during that period of history was 6.55%. The
highest rate was 8.8%. The lowest rate was 4.5%. The high was attained in
January, of 1994. The low was achieved in April of 2009. Recent rates
experienced in August of 2009 are low relative to the historical 6.55% average.
This page provides a five year chart and a forecast for 15 Year Mortgage
Rates. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on 15 Year Mortgage Rates. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The data table above presents the history of the 15 Year Mortgage Rate in
numerical format.
Commentary 987
July, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. We are forecasting that 15 Year Mortgage Rates will be roughly 4.78% in
one year. The table shows a HDTFA of 0.54% which suggests that the August,
2010 rate could easily fall between 5.32% and 4.24%. Links to Forecasts for
many other interest rates may be found on the left side of this page.
The 15 Year Mortgage Rate for July, 2009 averaged 4.69%. That's 21 basis
points lower than the June, 2009 rate of 4.9%, and 128 basis points lower than
the July, 2008 rate of 5.97%. The fall in rates from June to July indicates that
the short term rate trend has been down. If that trend continues, we should see
an average daily rate in August, 2009 that is close to 4.48%.
The average 15 Year Mortgage Rate for the last 12 months was 5.09%. The
average rate over the last 10 years was 5.96%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in the 15 Year Mortgage Rate is down.
The highest annual rate over the last 12 months was 6.03%. The lowest was
4.5%. The high annual rate was attained in August, 2008. The low was
achieved in April, 2009.
Our historical research covers 15 Year Mortgage Rate data back to September,
1991. The average annual rate during that period of history was 6.56%. The
highest rate was 8.8%. The lowest rate was 4.5%. The high was attained in
January, of 1994. The low was achieved in April of 2009. Recent rates
experienced in July of 2009 are low relative to the historical 6.56% average.
This page provides a five year chart and a forecast for the 15 Year Mortgage
Rate. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the 15 Year Mortgage Rate. Just one glance at our long term charts
can provide tremendous insight into the historical trends of the financial
markets. The data table above presents the history of the 15 Year Mortgage
Rate in numerical format.
June, 2009 Data:
The forecast for the 15 Year Mortgage Rate is in the table at the top of this
page. We are forecasting that 15 Year Mortgage Rates will be roughly 5.15% in
one year. The table shows a HDTFA of 0.58% which suggests that the July,
2010 rate could easily fall between 5.72% and 4.57%. Links to Forecasts for
many other interest rates may be found on the left side of this page.
The 15 Year Mortgage Rate for June, 2009 averaged 4.9%. That's 38 basis
points higher than the May, 2009 rate of 4.52%, and 101 basis points lower
than the June, 2008 rate of 5.91%. The rise in rates from May to June provides
evidence that the short term rate trend is up. If that trend continues, we should
see an average daily rate in July, 2009 that is close to 5.28%.
The average 15 Year Mortgage Rate for the last 12 months was 5.20%. The
average rate over the last 10 years was 5.98%. Lower rates over the last 12
months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in the 15 Year Mortgage Rate is down.
The highest annual rate over the last 12 months was 6.03%. The lowest was
4.5%. The high annual rate was attained in August, 2008. The low was
achieved in April, 2009.
Our historical research covers 15 Year Mortgage Rate data back to September,
1991. The average annual rate during that period of history was 6.57%. The
highest rate was 8.8%. The lowest rate was 4.5%. The high was attained in
January, of 1994. The low was achieved in April of 2009. Recent rates
experienced in June of 2009 are low relative to the historical 6.57% average.
This page provides a five year chart and a forecast for the 15 Year Mortgage
Rate. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the 15 Year Mortgage Rate. Just one glance at our long term charts
can provide tremendous insight into the historical trends of the financial
markets. The data table below presents the history of the 15 Year Mortgage
Rate in numerical format.
_____________________________________________________________
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