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Mortgage rates are down! It may be a good time to refinance, or learn the income you need to buy a median-priced home in the top 50 metro areas!

Mortgage rates are down! It may be a good time to refinance, or learn the income you need to buy a median-priced home in the top 50 metro areas!

Federal Funds Rate: Current Federal Funds Rate, Historical Federal Funds Rates, Table and Graph

This graph lists the stated Federal Funds rate, as released by the Federal Reserve.
Last change to this rate: 07/31/19
Click here to find out how it may affect you.

Does the Federal Funds rate affect mortgage rates? Click here to find out.

Federal Funds rate

HSH grants permission to utilize this graph,
providing that the graph and its contents are not altered in any way.

Until December 2008, the Federal Reserve set an explicit target rate for the Federal Funds. Since that time, the central bank has instead expressed a target range for the overnight intrabank lending rate. Post-2008 data shown here is the top value for the target range.

Click here for a list of indexes for Adjustable Rate Mortgages.

Here are the figures from which the graph was derived.

DateChange
(Basis Points)
Increase  Decrease
Level or
Max Rate
(Percent)
2019
July 21
...252.25
2018
December 19
September 26
June 13
March 21
25
25
25
25
...
...
...
...
2.50
2.25
2.00
1.75
2017
December 13
June 14
March 15
25
25
25
...
...
...
1.50
1.25
1.00
2016
December 14
25...0.75
2015
December 16
25...0.50
2008
December 16
October 29
October 8
April 30
March 18
January 30
January 22
...
...
...
...
...
...
...
75
50
50
25
75
50
75
0.25
1.00
1.50
2.00
2.25
3.00
3.50
2007
December 11
October 31
September 18
...
...
...
25
25
50
4.25
4.50
4.75
2006
June 29
May 10
March 28
January 31

25
25
25
25

...
...
...
...

5.25
5.00
4.75
4.50
2005
December 13
November 1
September 20
August 9
June 30
May 3
March 22
February 2

25
25
25
25
25
25
25
25

...
...
...
...
...
...
...
...

4.25
4.00
3.75
3.50
3.25
3.00
2.75
2.50
2004
December 14
November 11
September 21
August 11
June 30

25
25
25
25
25

...
...
...
...
...

2.25
2.00
1.75
1.50
1.25

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