Weekly
WRMORTG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.42
Year-over-Year Change
0.00%
Date Range
8/14/1997 - 10/6/2016
Summary
The WRMORTG series tracks weekly mortgage rates in the United States, providing critical insights into housing market financing conditions. These rates directly influence home buying affordability, consumer borrowing costs, and broader economic investment strategies.
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
This economic indicator represents the average interest rate for fixed-rate mortgage loans across the U.S. financial market. Economists and financial analysts closely monitor these rates as a key barometer of lending conditions and potential economic momentum.
Methodology
Data is collected through comprehensive surveys of major financial institutions, aggregating mortgage rate offerings across different loan types and terms.
Historical Context
The series is extensively used by policymakers, Federal Reserve analysts, and real estate professionals to assess lending trends and potential economic interventions.
Key Facts
- Represents average weekly mortgage interest rates nationwide
- Influences home purchasing decisions and real estate market dynamics
- Reflects broader economic lending conditions
FAQs
Q: How often are these mortgage rates updated?
A: The WRMORTG series is updated weekly, providing current snapshots of mortgage lending conditions across the United States.
Q: What impacts mortgage rate fluctuations?
A: Mortgage rates are influenced by Federal Reserve monetary policy, inflation expectations, overall economic conditions, and bond market performance.
Q: How do these rates affect home buyers?
A: Higher rates increase borrowing costs, potentially reducing home affordability and slowing real estate market activity.
Q: Are these rates uniform across the United States?
A: While the series provides a national average, actual rates can vary by region, lender, borrower credit profile, and specific loan characteristics.
Q: What loan types are typically included?
A: The series generally covers 30-year and 15-year fixed-rate mortgages, representing the most common home loan structures.
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Citation
U.S. Federal Reserve, Weekly [WRMORTG], retrieved from FRED.
Last Checked: 8/1/2025