Loading CalcVerseAI...
30-year fixed averaged 4.45% — falling rates
4.45%
Annual avg rate
30-yr fixed
-0.24pp
vs 2010
Year-over-year
0.10%
Fed funds rate
Annual avg
+3.16%
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 0.10% during 2011. The Fed held near-zero interest rates to support economic recovery.
Consumer price inflation was 3.16% in 2011. Inflation was within or near the Federal Reserve's long-run target range.
With historically low mortgage rates averaging 4.45%, housing affordability was near the best levels in decades. Declining rates spurred refinancing activity and supported home purchases.
$1,511/mo
At 2011 rate (4.45%)
Principal + interest only
$1,964/mo
At current rate (6.84%)
Principal + interest only
$453/mo
2011 was cheaper
vs today on same loan