30-year fixed mortgage rate under Joe Biden

The going rate on a 30-year fixed-rate mortgage.

Over 2021-01-20 to 2025-01-19, measured in Percent:

Term average

5.51 Percent

At the start

2.96 Percent

At the end

6.79 Percent

Change

+3.83 Percent

Low

2.73 Percent (2021-01-28)

High

7.79 Percent (2023-10-26)

Coverage

100% (209 observations)

Reading this series over a presidential term

It tracks the 10-year Treasury yield plus a spread that widens when lenders see risk, so it mostly reflects bond markets and inflation expectations rather than anything specific to housing policy.

One product for one kind of borrower. It is not what an adjustable-rate, jumbo, or lower-credit borrower is offered, and the monthly payment behind a rate also depends on the house price.

These are the observed values over the window above, and nothing more. This site does not say which direction is better, and none of this is a claim that Joe Biden caused the number to move.

What 30-year fixed mortgage rate measures · Joe Biden: the whole record · Chart it · Compare with another president · The source at FRED