Infra-Annual Labor Statistics: Labor Force Participation Rate Male: 15 Years or over for Australia
Monthly, Not Seasonally Adjusted
LRACTTMAAUM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.04
Year-over-Year Change
0.10%
Date Range
2/1/1978 - 6/1/2025
Summary
This series measures the monthly average interest rate on 30-year fixed-rate conventional home mortgages in the United States. It is a key indicator for housing market dynamics and consumer spending.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 30-Year Fixed Rate Mortgage Average in the United States is a widely tracked mortgage rate that represents the average contract interest rate for 30-year fixed-rate conventional home mortgages. It is used to assess housing affordability and mortgage market conditions.
Methodology
The data is collected from a survey of major lenders and represents the average contract interest rate.
Historical Context
Mortgage rates are closely watched by policymakers, real estate professionals, and consumers as they influence housing demand, construction activity, and consumer spending.
Key Facts
- The average 30-year mortgage rate was 6.42% in January 2023.
- Mortgage rates have risen sharply from historic lows during the COVID-19 pandemic.
- Higher mortgage rates can make home purchases less affordable for many consumers.
FAQs
Q: What does this economic trend measure?
A: This series measures the monthly average interest rate on 30-year fixed-rate conventional home mortgages in the United States.
Q: Why is this trend relevant for users or analysts?
A: The 30-year mortgage rate is a key indicator for housing market dynamics and consumer spending, as it influences affordability and mortgage demand.
Q: How is this data collected or calculated?
A: The data is collected from a survey of major lenders and represents the average contract interest rate.
Q: How is this trend used in economic policy?
A: Mortgage rates are closely watched by policymakers, real estate professionals, and consumers as they influence housing demand, construction activity, and consumer spending.
Q: Are there update delays or limitations?
A: The data is released weekly with a short publication delay.
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate Mortgage Average in the United States (LRACTTMAAUM156N), retrieved from FRED.