Average Mortgage Interest Rate on 1/31 by year

Jan 31 2017 4.21%

Jan 31 2018 4.34%

Jan 31 2019 4.43%

Jan 31 2020 3.47%

Jan 31 2021 2.80%

Jan 31 2022 3.68%

Jan 31 2023 6.17%

Jan 31 2024 6.75%

Jen 31 2025 7.05%

Pain. And more pain for real estate. But look st 2021. We all won the lottery in 2021 and didn’t realize it. Who waited to buy ?

We are at the worst housing affordability since 1984

Any decrease into the 5’s will get prices jumping again and start a refi boom.