Mortgage Rates & Buyer Purchasing Power Charts

On January 19, 2022, the average 30-year fixed mortgage rate was reported to be at 3.7%. That is about a 1% increase over last year at the same time when the average was at 2.85%. (Source:

Based on history, this rate is relatively low. If we go back 5 years, Freddie Mac had the average at 4.15% (January of 2017). Going back another 10 years, Freddie Mac had the average at 3.92%; 20 years ago (2002) the average rate was 7%.  Alarmingly, 40 years ago (1982), the average mortgage rate was 17.48% and the buyer paid about 2 points to get that rate.

If you are a first-time home buyer, connect with me so we can discuss your buying power, and the rising costs of heating, insuring, and maintaining the home. 


Susan Rupert Team

Realtor, ABR, CRS, SRES, MCNE, e-PRO
Kissinger Bigatel & Brower

2300 South Atherton Street
State College, PA 16801
Mobile/Direct: 814-280-0364
Office: 814-234-4000 ext. 3213

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