The chart of the week shows the average rate for a 30-year fixed rate mortgage in the United States over the last five years. Rates have come up a fair amount recently along with market interest rates and have surpassed the average from the beginning of the COVID-19  pandemic. Opinions vary on how directly mortgage rates affect the real estate market but the average 30-year mortgage rate will be a number to keep an eye on as real estate owners and investors make decisions on future purchases and sales.

Raymond James Financial Services, Inc. does not provide advise on mortgage.