Historical Year Data · 2022
30Y Mortgage Rate in 2022
30Y Mortgage Rate opened 2022 at 3.22% and closed at 6.42%, a +99.38% move for the year. The high of 7.08% was reached on October 27, and the low of 3.22% on January 6.
Open
3.22%
2022-01
Close
6.42%
52 data points
High
7.08%
Oct 27
Low
3.22%
Jan 6
Full Year Change
+99.38%
2021 Change
+17.36%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.22% | 3.55% | 3.56% | 3.22% | +10.25% |
| Feb | 3.55% | 3.89% | 3.92% | 3.55% | +9.58% |
| Mar | 3.76% | 4.67% | 4.67% | 3.76% | +24.20% |
| Apr | 4.72% | 5.10% | 5.11% | 4.72% | +8.05% |
| May | 5.27% | 5.10% | 5.30% | 5.10% | -3.23% |
| Jun | 5.09% | 5.70% | 5.81% | 5.09% | +11.98% |
| Jul | 5.30% | 5.30% | 5.54% | 5.30% | +0.00% |
| Aug | 4.99% | 5.55% | 5.55% | 4.99% | +11.22% |
| Sep | 5.66% | 6.70% | 6.70% | 5.66% | +18.37% |
| Oct | 6.66% | 7.08% | 7.08% | 6.66% | +6.31% |
| Nov | 6.95% | 6.58% | 7.08% | 6.58% | -5.32% |
| Dec | 6.49% | 6.42% | 6.49% | 6.27% | -1.08% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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