30-year mortgage rate edges up to 6.22%

The average annual 30-year fixed mortgage rate in 2024 was 6.72%. ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed)) ([Rocket Mortgage](https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed))

Historical mortgage rates: 1971 to 2025 — Rocket Mortgage

Homeownership rates in 2024 were 25% for households with income less than $25,000, 47% for $25,000–$49,999, 68% for $50,000–$99,999, and 85% for $100,000 or more. ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm)) ([Federal Reserve](https://www.federalreserve.gov/publications/2025-economic-well-being-of-us-households-in-2024-housing.htm))

Report on the Economic Well-Being of U.S. Households in 2024 - May 2025 - Housing — Federal Reserve

The national median single-family home price grew to five times the median household income in 2024, nearly matching historic highs from 2006, contributing to affordability barriers especially for lower-income households. ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs)) ([Joint Center for Housing Studies of Harvard University](https://www.jchs.harvard.edu/blog/home-prices-surge-five-times-median-income-nearing-historic-highs))

Home Prices Surge to Five Times Median Income, Nearing Historic Highs — Joint Center for Housing Studies of Harvard University

The US inflation rate was 3.0% for the 12 months ending September 2025. ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm))

Consumer Price Index Summary - 2025 M09 Results — Bureau of Labor Statistics

The rise in mortgage rates comes a day after the Federal Reserve cut its main interest rate for the third time this year and indicated another cut possible next year but fewer in 2026. ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php)) ([SF Gate](https://www.sfgate.com/business/article/average-us-long-term-mortgage-rate-ticks-up-to-21237110.php))

Average US long-term mortgage rate ticks up to 6.22%, but remains ... — SF Gate