The chart below shows the average rate for a 30-year fixed-rate mortgage in the U.S. (red line on chart) from 1971 to the present as well as the median sales price of houses sold in the U.S. (blue line on chart) from 1971 to present. This illustration makes it easy to see the relationship between home prices and interest rates including the impact interest rates have on home prices.
30-Year Fixed-Rate Mortgage Average in the U.S. and Median Sales Price of Houses Sold in the U.S. - 1971-Present (Chart)
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