Historical Year Data · 1979

30Y Mortgage Rate in 1979

30Y Mortgage Rate opened 1979 at 10.38% and closed at 12.90%, a +24.28% move for the year. The high of 12.90% was reached on November 30, and the low of 10.38% on January 5.

Open

10.38%

1979-01

12.90%

52 data points

High

12.90%

Nov 30

Low

10.38%

Jan 5

Full Year Change

+24.28%

1978 Change

+15.33%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	10.38%	10.40%	10.40%	10.38%	+0.19%
Feb	10.40%	10.40%	10.43%	10.40%	+0.00%
Mar	10.43%	10.45%	10.45%	10.40%	+0.19%
Apr	10.48%	10.53%	10.53%	10.48%	+0.48%
May	10.60%	10.75%	10.75%	10.60%	+1.42%
Jun	10.90%	11.10%	11.10%	10.90%	+1.83%
Jul	11.13%	11.08%	11.13%	11.08%	-0.45%
Aug	11.08%	11.13%	11.13%	11.08%	+0.45%
Sep	11.20%	11.35%	11.35%	11.20%	+1.34%
Oct	11.35%	12.00%	12.00%	11.35%	+5.73%
Nov	12.80%	12.90%	12.90%	12.80%	+0.78%
Dec	12.90%	12.90%	12.90%	12.90%	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

Previous Year

← 30Y Mortgage Rate in 1978

Next Year

30Y Mortgage Rate in 1980→