Quarterly, Not Seasonally Adjusted
LRINTTMAO1Q156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.10
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 4/1/2017
Summary
This U.S. Federal Reserve economic trend measures household mortgage interest rates on new loans. It provides insight into consumer borrowing costs and mortgage market conditions.
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 Quarterly, Not Seasonally Adjusted mortgage interest rate series tracks the average interest rate charged on new residential mortgage loans. This data is used by economists and policymakers to analyze trends in consumer borrowing and the state of the housing market.
Methodology
The data is collected through a national survey of lenders and banks.
Historical Context
Mortgage interest rates are a key indicator of monetary policy and consumer finance markets.
Key Facts
- Mortgage rates averaged 6.58% in Q4 2022.
- Rates have risen over 3 percentage points since 2021.
- Higher rates can impact housing affordability and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average interest rate charged on new residential mortgage loans in the United States.
Q: Why is this trend relevant for users or analysts?
A: Mortgage interest rates are a key indicator of housing market conditions and consumer borrowing costs, which are important for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of lenders and banks.
Q: How is this trend used in economic policy?
A: Mortgage rates are closely monitored by the Federal Reserve and other policymakers as an indicator of monetary policy transmission and housing market conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of a few months.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for OECD
OECDLRHUTTTTSTQ
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for OECD
OECDLFAC55TTSTQ
Leading Indicators OECD: Leading indicators: CLI: Normalised for OECD - Total
OECDLOLITONOSTSAM
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for OECD
OECDLFEMTTFESTSAQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for OECD
OECDLREM24TTSTQ
International Trade: Exports: Value (Goods): Total
OECDXTEXVA01STSAQ
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (LRINTTMAO1Q156N), retrieved from FRED.