Interest Rate as of July 2, 2009 (ENG - Bank of America-2025

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Average 30-year fixed mortgage rate by year Year30-year fixed-rate average 2010 4.86% 2009 5.38% 2008 6.23% 2007 6.40%50 more rows Jan 31, 2025
Thats over 100 years of stability. Highest ever interest rate (November 1979) - the base rate hit its highest peak ever at 17%. It remained at 17% until 3 July 1980. Lowest ever interest rate (March 2020) - the base rate dropped to a historic low of 0.1% on 19 March 2020 where it stayed until December 2021.
2007 - 2018. The global financial crisis of 2008 has kept rates consistently under 6%, with the base rate falling to the lowest level of 300 years. They sat at the earlier mentioned 5.75% in July 2007 before falling dramatically to just 0.5% by March 2009.
Export the data Date ChangedRate 10 Apr 08 5.00 07 Feb 08 5.25 06 Dec 07 5.50 05 Jul 07 5.75232 more rows
At its meeting ending on 19 March 2025, the MPC voted by a majority of 81 to maintain Bank Rate at 4.5%.
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Export the data Date ChangedRate 06 Nov 08 3.00 08 Oct 08 4.50 10 Apr 08 5.00 07 Feb 08 5.25232 more rows
Driven by the subprime mortgage crisis of the late 2000s, the 30-year mortgage rate tumbled from about 8 percent at the start of the decade down to 5.4 percent by 2009.

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