Historical Year Data · 2023
30Y Mortgage Rate in 2023
30Y Mortgage Rate opened 2023 at 6.48% and closed at 6.61%, a +2.01% move for the year. The high of 7.79% was reached on October 26, and the low of 6.09% on February 2.
Open
6.48%
2023-01
Close
6.61%
52 data points
High
7.79%
Oct 26
Low
6.09%
Feb 2
Full Year Change
+2.01%
2022 Change
+99.38%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.48% | 6.13% | 6.48% | 6.13% | -5.40% |
| Feb | 6.09% | 6.50% | 6.50% | 6.09% | +6.73% |
| Mar | 6.65% | 6.32% | 6.73% | 6.32% | -4.96% |
| Apr | 6.28% | 6.43% | 6.43% | 6.27% | +2.39% |
| May | 6.39% | 6.57% | 6.57% | 6.35% | +2.82% |
| Jun | 6.79% | 6.71% | 6.79% | 6.67% | -1.18% |
| Jul | 6.81% | 6.81% | 6.96% | 6.78% | +0.00% |
| Aug | 6.90% | 7.18% | 7.23% | 6.90% | +4.06% |
| Sep | 7.12% | 7.31% | 7.31% | 7.12% | +2.67% |
| Oct | 7.49% | 7.79% | 7.79% | 7.49% | +4.01% |
| Nov | 7.76% | 7.22% | 7.76% | 7.22% | -6.96% |
| Dec | 7.03% | 6.61% | 7.03% | 6.61% | -5.97% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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