Special Report
Every Year's Mortgage Rate Since 1972
October 5, 2022 12:00 pm
Last Updated: October 5, 2022 12:19 pm
2002
> Avg. 30-year fixed mortgage rate: 6.54%
> Avg. inflation-adjusted monthly mortgage payment: $1,739
> Avg. inflation-adjusted home sale price: $360,677
> Homeownership rate: 67.93%
2003
> Avg. 30-year fixed mortgage rate: 5.83%
> Avg. inflation-adjusted monthly mortgage payment: $1,632
> Avg. inflation-adjusted home sale price: $379,779
> Homeownership rate: 68.25%
Source: Burke/Triolo Productions / The Image Bank via Getty Images
2004
> Avg. 30-year fixed mortgage rate: 5.84%
> Avg. inflation-adjusted monthly mortgage payment: $1,774
> Avg. inflation-adjusted home sale price: $412,282
> Homeownership rate: 69.00%
2005
> Avg. 30-year fixed mortgage rate: 5.87%
> Avg. inflation-adjusted monthly mortgage payment: $1,865
> Avg. inflation-adjusted home sale price: $431,458
> Homeownership rate: 68.88%
2006
> Avg. 30-year fixed mortgage rate: 6.41%
> Avg. inflation-adjusted monthly mortgage payment: $2,034
> Avg. inflation-adjusted home sale price: $430,500
> Homeownership rate: 68.78%
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
