Households
30-year mortgage rate by president
Average rate on a 30-year fixed-rate mortgage (Freddie Mac Primary Mortgage Market Survey), weekly survey averaged by month. Follows long-term Treasury yields and the Federal Reserve's policy more than anything a president does directly.
7.36% latest, Oct 2026
Source: Freddie Mac, via FRED MORTGAGE30US. Monthly data, fetched Oct 19, 2026.
Since 1980, the average 30-year mortgage rate ranged from 2.68% in Dec 2020 under Donald Trump (1st term) to 18.45% in Oct 1981 under Ronald Reagan. Of the 8 completed terms with data, the average 30-year mortgage rate rose fastest under Jimmy Carter, at +1.50 pts/yr against +0.34 pts/yr in the four years before, and fell fastest under George H. W. Bush, at −0.60 pts/yr against −0.64 pts/yr in the four years before. So far under Donald Trump (2nd term), it has gone from 6.72% in Dec 2024 to 6.86% in Sep 2026.
By presidential term
30-year mortgage rate, term by term: every term lined up from inauguration on one chart.
Value at the last full period before inauguration and at the end of the term, with the yearly rate of change. The second column is the rate of change over the four years before the term: the trend they inherited. Remember the lag: a term's first year mostly reflects the previous one's policies.
| President | During term | 4 years before |
|---|---|---|
| Donald Trump (2nd term) 2025–now | 6.72% → 6.86% +0.08 pts/yr · through Sep 2026 | +1.01 pts/yr |
| Joe Biden 2021–2025 | 2.68% → 6.72% +1.01 pts/yr | −0.38 pts/yr |
| Donald Trump (1st term) 2017–2021 | 4.20% → 2.68% −0.38 pts/yr | +0.21 pts/yr |
| Barack Obama 2009–2017 | 5.29% → 4.20% −0.14 pts/yr | −0.11 pts/yr |
| George W. Bush 2001–2009 | 7.38% → 5.29% −0.26 pts/yr | −0.05 pts/yr |
| Bill Clinton 1993–2001 | 8.21% → 7.38% −0.10 pts/yr | −0.60 pts/yr |
| George H. W. Bush 1989–1993 | 10.61% → 8.21% −0.60 pts/yr | −0.64 pts/yr |
| Ronald Reagan 1981–1989 | 14.79% → 10.61% −0.52 pts/yr | +1.50 pts/yr |
| Jimmy Carter 1977–1981 | 8.79% → 14.79% +1.50 pts/yr | +0.34 pts/yr |
More households indicators
Events that bear on this indicator
- Mar 16, 2022 Federal ReserveFed begins raising rates. First of eleven rate hikes over 2022–23 to fight post-pandemic inflation.