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30-year fixed averaged 7.93% — falling rates
7.93%
Annual avg rate
30-yr fixed
-0.45pp
vs 1994
Year-over-year
5.83%
Fed funds rate
Annual avg
+2.81%
CPI inflation
Year-over-year
Estimated monthly rates based on annual averages and adjacent-year interpolation. Seasonal pattern reflects typical mortgage market spring/summer premium.
The Federal Reserve maintained a federal funds rate averaging 5.83% during 1995. Monetary policy was calibrated to balance growth and inflation objectives.
Consumer price inflation was 2.81% in 1995. Inflation was within or near the Federal Reserve's long-run target range.
With moderate mortgage rates averaging 7.93%, housing affordability was moderate compared to long-run averages. Declining rates spurred refinancing activity and supported home purchases.
$2,187/mo
At 1995 rate (7.93%)
Principal + interest only
$1,964/mo
At current rate (6.84%)
Principal + interest only
$223/mo
1995 was more expensive
vs today on same loan