What is the historical interest rate?
Interest Rate in the United States averaged 5.49 percent from 1971 until 2021, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008.
What is current US interest rate?
Fed Funds Rate
| This week | Year ago | |
|---|---|---|
| Fed Funds Rate (Current target rate 0.00-0.25) | 0.25 | 0.25 |
What is the current Fed rate 2021?
0.25%
FocusEconomics Consensus Forecast panelists project the federal funds target rate to end 2021 at 0.25% and 2022 at 0.29%.
When was America’s highest interest rate?
1981
Interest rates reached their highest point in modern history in 1981 when the annual average was 16.63%, according to the Freddie Mac data. Fixed rates declined from there, but they finished the decade around 10%. The 1980s were an expensive time to borrow money.
What was the interest rate in 1994?
1994
| 1994 | 30 Year FRM | 15 Year FRM |
|---|---|---|
| January | 7.06 | 6.56 |
| February | 7.15 | 6.65 |
| March | 7.68 | 7.18 |
| April | 8.32 | 7.80 |
What was the interest rate in 2002?
Money Market Interest Rates and Mortgage Rates, 1980? 2002
| Type | 1980 | 2002 |
|---|---|---|
| Federal funds, effective rate | 13.35% | 1.67% |
| Prime rate charged by banks | 15.26 | 4.67 |
| Discount rate 1 | 11.77 | 1.17 |
| Eurodollar deposits, 3-month | 14.00 | 1.73 |
What was the interest rate in 1970?
A survey of house-buying trends indicates that in 1970 the average home mortgage interest rate was 8.5 percent and the average monthly payment was only $126.88. Ten years later, the survey found interest rates averaging 12 percent and average monthly payments at $621.