Annual Average 30 Year Fixed-Rate Mortgage Rates
After historically low mortgage rates in 2021 it was no surprise to see mortgage rates rise in 2022 as the fed fought inflation and the 10 year treasury rates increased throughout the year. After starting 2022 at 3.22% for a 30 year fixed rate the first week of the the year, we ended with rates at 6.42% the last week of the year. Overall weekly average for the year was about 5.30%.
Monthly data dating back to 1971 can be found here: http://www.freddiemac.com/pmms/