((Median Sales Price of Houses Sold for the United States * (30-Year Fixed Rate Mortgage Average in the United States / 1200) * ((1 + 30-Year Fixed Rate Mortgage Average in the United States / 1200)^360)) / (((1 + 30-Year Fixed Rate Mortgage Average in the United States / 1200)^360) - 1)) / Median Personal Income in the United States

Notes

Median Personal Income in the United States (MEPAINUSA646N)

Release: Income and Poverty in the United States

Units: Current Dollars, Not Seasonally Adjusted

Frequency: Annual

Notes:

People 15 years old and over beginning with March 1980, and people 14 years old and over as of March of the following year for previous years.

Suggested Citation:

U.S. Census Bureau, Median Personal Income in the United States [MEPAINUSA646N], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MEPAINUSA646N, .

Median Sales Price of Houses Sold for the United States (MSPUS)

Source: U.S. Census Bureau

Source: U.S. Department of Housing and Urban Development

Release: New Residential Sales

Units: Dollars, Not Seasonally Adjusted

Frequency: Quarterly

Suggested Citation:

U.S. Census Bureau and U.S. Department of Housing and Urban Development, Median Sales Price of Houses Sold for the United States [MSPUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MSPUS, .

30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US)

Source: Freddie Mac

Release: Primary Mortgage Market Survey

Units: Percent, Not Seasonally Adjusted

Frequency: Weekly, Ending Thursday

Notes:

On November 17, 2022, Freddie Mac changed the methodology of the Primary Mortgage Market Survey® (PMMS®). The weekly mortgage rate is now based on applications submitted to Freddie Mac from lenders across the country. For more information regarding Freddie Mac’s enhancement, see their research note.

Data are provided “as is” by Freddie Mac®, with no warranties of any kind, express or implied, including but not limited to warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. Use of the data is at the user’s sole risk. In no event will Freddie Mac be liable for any damages arising out of or related to the data, including but not limited to direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability, even if Freddie Mac is aware of the possibility of such damages.

Copyright, 2016, Freddie Mac. Reprinted with permission.

Suggested Citation:

Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, .