Mortgage Rates Over the Past 50 Years

August 22, 2018

Much has changed since Long & Foster was first founded in 1968. While median home prices have steadily risen in that 50-year period, mortgage rates have enjoyed a roller-coaster ride of ups and downs. Much talk these days focuses on rising interest rates, which many experts predict will hit 5 percent in the coming year. But a quick look-back over the years shows how today’s higher mortgage rates still come in below the past few decades.

Take our quiz to see how the average 30-year fixed rate mortgages have changed since 1968.

[wp_quiz id=”21697″]

Source: Data for mortgage rates in 1968 from http://www.fedprimerate.com/wall_street_journal_prime_rate_history.htm (April of 1968). Data for remaining years from Freddie Mac, http://www.freddiemac.com/pmms/pmms30.html (May of each year).