Key takeaways Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, rising just above 16 percent.
Andrew Dehan is a freelance journalist who writes for various publications including Bankrate, AOL, Inc., and Yahoo Finance. His articles primarily focus on personal finance topics such as mortgage rates, mortgage lenders, and mortgage refinancing. Andrew's work has been featured in USA TODAY, Forbes, Business Insider, and other notable publications.