Historical Year Data · 1999
30Y Mortgage Rate in 1999
30Y Mortgage Rate opened 1999 at 6.79% and closed at 8.06%, a +18.70% move for the year. The high of 8.15% was reached on August 13, and the low of 6.74% on January 29.
Open
6.79%
1999-01
Close
8.06%
52 data points
High
8.15%
Aug 13
Low
6.74%
Jan 29
Full Year Change
+18.70%
1998 Change
-2.84%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.79% | 6.74% | 6.83% | 6.74% | -0.74% |
| Feb | 6.75% | 6.89% | 6.89% | 6.75% | +2.07% |
| Mar | 7.06% | 6.98% | 7.11% | 6.98% | -1.13% |
| Apr | 6.98% | 6.93% | 6.98% | 6.87% | -0.72% |
| May | 7.02% | 7.23% | 7.23% | 7.02% | +2.99% |
| Jun | 7.41% | 7.63% | 7.65% | 7.41% | +2.97% |
| Jul | 7.71% | 7.70% | 7.71% | 7.52% | -0.13% |
| Aug | 7.89% | 7.80% | 8.15% | 7.80% | -1.14% |
| Sep | 7.83% | 7.76% | 7.88% | 7.76% | -0.89% |
| Oct | 7.70% | 7.96% | 7.96% | 7.70% | +3.38% |
| Nov | 7.84% | 7.75% | 7.84% | 7.67% | -1.15% |
| Dec | 7.84% | 8.06% | 8.06% | 7.84% | +2.81% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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