SPY & 30-Year Fixed Mortgage Rate
The average interest rate on a 30-year fixed-rate mortgage in the United States.
SPY Price
30-Year Fixed Mortgage Rate
Freddie Mac Primary Mortgage Market Survey
What It Measures
The 30-Year Fixed Mortgage Rate measures the average interest rate charged on a conventional 30-year fixed-rate mortgage. This is the most popular mortgage product in the U.S., used by the majority of homebuyers. The rate is surveyed weekly by Freddie Mac through its Primary Mortgage Market Survey (PMMS), which polls lenders on rates offered to well-qualified borrowers with strong credit. The rate reflects: - Conforming loan amounts (within Freddie Mac/Fannie Mae limits) - 80% loan-to-value ratio (20% down payment) - Strong borrower credit profiles
Why It Matters
**Housing Affordability**: Mortgage rates directly determine monthly payments and how much home buyers can afford. A 1% rate change on a $400K mortgage alters monthly payments by roughly $250. **Housing Market Activity**: Rising rates cool demand by pricing out buyers; falling rates stimulate purchases and refinancing. **Federal Reserve Policy**: Mortgage rates are heavily influenced by the Fed funds rate and the 10-year Treasury yield, making them a direct transmission mechanism for monetary policy. **Consumer Spending**: When rates fall, refinancing frees up cash for consumer spending. When rates rise, housing costs consume more household income. **Wealth Effect**: Mortgage rates influence home prices, which affect household wealth and confidence.
Key Levels
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-02-13)
Mortgage Rate: MORTGAGE30US - 30-Year Fixed Mortgage Rate from Freddie Mac Primary Mortgage Market Survey
Units: Percent, Not Seasonally Adjusted, Weekly