Historical Year Data · 2016
30Y Mortgage Rate in 2016
30Y Mortgage Rate opened 2016 at 3.97% and closed at 4.32%, a +8.82% move for the year. The high of 4.32% was reached on December 29, and the low of 3.41% on July 7.
Open
3.97%
2016-01
Close
4.32%
52 data points
High
4.32%
Dec 29
Low
3.41%
Jul 7
Full Year Change
+8.82%
2015 Change
+7.51%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.97% | 3.79% | 3.97% | 3.79% | -4.53% |
| Feb | 3.72% | 3.62% | 3.72% | 3.62% | -2.69% |
| Mar | 3.64% | 3.71% | 3.73% | 3.64% | +1.92% |
| Apr | 3.59% | 3.66% | 3.66% | 3.58% | +1.95% |
| May | 3.61% | 3.64% | 3.64% | 3.57% | +0.83% |
| Jun | 3.66% | 3.48% | 3.66% | 3.48% | -4.92% |
| Jul | 3.41% | 3.48% | 3.48% | 3.41% | +2.05% |
| Aug | 3.43% | 3.43% | 3.45% | 3.43% | +0.00% |
| Sep | 3.46% | 3.42% | 3.50% | 3.42% | -1.16% |
| Oct | 3.42% | 3.47% | 3.52% | 3.42% | +1.46% |
| Nov | 3.54% | 4.03% | 4.03% | 3.54% | +13.84% |
| Dec | 4.08% | 4.32% | 4.32% | 4.08% | +5.88% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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