504 Loan Rate History

Note: 10-year bonds are sold every other month.

See the rates from the current year here, and check out the rates from past years below.

2024 Rates:

Month	20 Year Traditional	20 Year Debt Refinance	10 Year Traditional	10 Year Debt Refinance	25 Year Traditional	25 Year Debt Refinance
January	6.427%	6.457%	6.544%	6.580%	6.366%	6.395%
February	6.496%	6.525%	N/A	N/A	6.385%	6.414%
March	6.365%	6.395%	6.601%	6.637%	6.285%	6.314%
April
May
June
July
August
September
October
November
December

Get Started Today

Contact us to get more info to see if your business is right for a 504 loan. Lets get the ball rolling, one of our loan officers will be in touch with you shortly:

Get Started

2023 Rates:

Month	20 Year Traditional	20 Year Debt Refinance	10 Year Traditional	10 Year Debt Refinance	25 Year Traditional	25 Year Debt Refinance
January	6.286%	6.757%	6.479%	6.493%	6.313%	6.331%
February	5.988%	6.001%	N/A	N/A	6.015%	6.033%
March	6.338%	6.358%	6.784%	6.804%	6.334%	6.352%
April	5.956%	5.975%	N/A	N/A	5.884%	5.902%
May	6.079%	6.097%	6.054%	6.076%	6.026%	6.043%
June	6.388%	6.406%	N/A	N/A	6.334%	6.352%
July	6.637%	6.655%	7.076%	7.098%	6.583%	6.601%
August	6.609%	6.627%	N/A	N/A	6.554%	6.572%
September	6.867%	6.886%	6.812%	6.830%	7.067%	7.085%
October	7.276%	7.299%	N/A	N/A	7.221%	7.238%
November	7.118%	7.137%	7.333%	N/A	7.457%	7.546%
December	6.707%	6.726%	N/A	N/A	6.594%	6.623%

Historical Rates

Click the arrows on the left and the right to view the 504 loan interest rates over the years.

2022 Rates:

Month	20 Year Traditional	20 Year Debt Refinance	10 Year Traditional	10 Year Debt Refinance	25 Year Traditional	25 Year Debt Refinance
January	3.070%	3.085%	3.633%	3.096%	3.216%	3.23%
February	3.454%	3.469%	N/A	N/A	3.598%	3.612%
March	3.766%	3.78%	3.82%	N/A	3.929%	3.943%
April	4.62%	4.634%	N/A	N/A	4.68%	4.693%
May	5.061%	5.075%	4.931%	4.948%	5.119%	5.133%
June	5.132%	5.146%	N/A	N/A	5.191%	5.204%
July	5.051%	5.065%	4.974%	N/A	5.11%	5.123%
August	4.892%	4.906%	N/A	N/A	4.981%	4.994%
September	5.343%	5.357%	5.332%	5.349%	5.44%	5.454%
October	6.134%	6.148%	N/A	N/A	6.219%	6.233%
November	6.226%	6.240%	6.273%	6.289%	6.534%	6.649%
December	6.037%	6.051%	N/A	N/A	6.114%	6.132%

2021 Rates:

Month	20 Year Traditional	20 Year Debt Refinance	10 Year Traditional	10 Year Debt Refinance	25 Year Traditional	25 Year Debt Refinance
January	2.658%	2.702%	2.450%	N/A	2.696%	2.737%
February	2.72%	2.764%	N/A	N/A	2.757%	2.799%
March	3.002%	3.045%	2.70%	N/A	3.048%	3.089%
April	3.021%	3.064%	N/A	N/A	3.077%	3.118%
May	2.849%	2.892%	2.623%	2.674%	2.936%	2.977%
June	2.77%	2.813%	N/A	N/A	2.887%	2.929%
July	2.699%	2.742%	2.604%	2.656%	2.817%	2.858%
August	2.748%	2.791%	N/A	N/A	2.866%	2.907%
September	2.860%	2.903%	2.687%	2.739%	2.977%	3.019%
October	3.157%	3.198%	N/A	N/A	3.021%	3.063%
November	3.032%	3.075%	3.109%	3.161%	3.168%	3.210%
December	2.88%	2.894%	N/A	N/A	3.026%	3.040%

2020 Rates:

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan	25 Year Traditional Loan	25 Year Debt Refinance Loan
January	3.644%	3.646%	3.804%	N/A	3.714%	3.716%
February	3.392%	3.394%	N/A	N/A	3.463%	3.465%
March	2.808%	2.810%	2.847%	2.958%	2.881%	2.883%
April	2.960%	2.962%	N/A	N/A	3.032%	3.034%
May	2.688%	2.689%	2.654%	N/A	2.761%	2.763%
June	2.528%	2.530%	N/A	N/A	2.602%	2.603%
July	2.346%	2.405%	2.4%	2.402%	2.41%	2.412%
August	2.214%	2.215%	N/A	N/A	2.269%	2.271%
September	2.366%	2.368%	2.288%	2.29%	2.41%	2.412%
October	2.396%	2.398%	N/A	N/A	2.43%	2.432%
November	2.364%	2.366%	2.231%	2.233%	2.399%	2.401%
December	2.589%	2.632%	N/A	N/A	2.627%	2.668%

2019 Rates

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan	25 Year Traditional Loan	25 Year Debt Refinance Loan
January	4.758%	5.14%	5.064%	5.144%	4.881%	5.249%
February	4.646%	5.029%			4.771%	5.138%
March	4.586%	4.969%	4.628%	N/A	4.741%	5.108%
April	4.367%	4.75%			4.532%	4.96%
May	4.265%	4.649%	4.365%	5.166%	4.391%	4.712%
June	3.983%	4.367%			4.090%	4.412%
July	3.914%	4.318%	3.937%	4.422%	4.011%	4.381%
August	3.531%	3.936%			3.63%	4.0%
September	3.359%	3.764%	3.563%	4.048%	3.458%	3.781%
October	3.462%	3.866%			3.54%	3.863%
November	3.742%	4.078%	3.933%	4.336%	3.8%	4.122%
December	3.582%	3.584%			3.643%	N/A

2018 Rates

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan	25 Year Traditional Loan	25 Year Debt Refinance Loan
January	4.641%		4.657%
February	4.94%
March	4.92%	4.969%	5.112%	5.171%
April	5.029%	5.36%
May	5.222%	5.270%	5.298%	5.356%
June	5.32%	5.369%
July	5.259%	5.308%	5.302%	5.36%	5.32%
August	5.301%	5.350%			5.351%	5.398%
September	5.25%	5.298%	5.252%	5.332%	5.29%	5.337%
October	5.492%	5.541%			5.532%	5.578%
November	5.591%	5.64%	5.59%	5.649%	5.64%	5.687%
December	4.926%	5.308%			4.99%	5.357%

2017 Rates

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan
December	4.499%
November	4.510%		4.470%
October	4.635%		4.152%
September	4.376%
August	4.537%
July	4.766%	5.059%	4.497%
June	4.596%
May	4.668%	4.514%
April	4.625%	4.944%
March	4.827%	5.121%	4.817%	5.170%
February	4.607%	4.901%
January	4.585%	4.904%	4.598%

2016 Rates

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan
December	4.596%	4.916%
November	4.357%	4.677%	4.669%	4.734%
October	4.261%	4.315%
September	4.082%	4.136%	4.290%	4.355%
August	4.093%
July	4.091%		4.115%
June	4.232%
May	4.32%		4.194%
April	4.311%
March	4.553%		4.333%
February	4.324%
January	4.831%		4.288%

2015 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	4.873%
November	4.778%	4.176%
October	4.80%
September	5.002%	4.695%
August	4.909%
July	4.961%	4.326%
June	5.062%
May	4.850%	4.374%
April	4.591%
March	4.799%	4.401%
February	4.546%
January	4.416%	4.601%

2014 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	4.782%
November	4.879%	4.555%
October	4.821%
September	5.002%	4.695%
August	4.960%
July	4.952%	4.510%
June	5.069%
May	5.080%	4.508%
April	5.192%
March	5.289%	4.484%
February	5.309%
January	5.541%	4.672%

2013 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	5.458%
November	5.459%	4.404%
October	5.451%
September	5.698%	4.859%
August	5.24%
July	5.232%	4.420%
June	4.529%
May	4.151%	3.613%
April	4.162%
March	4.3%	3.712%
February	4.29%
January	4.212%	3.625%

2012 Rates

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan
December	4.009%
November	4.1714%	3.520%	4.374%	3.766%
October	4.262%		4.466%
September	4.279%	3.487%	4.483%	3.733%
August	4.451%		4.654%
July	4.459%	3.70%	4.662%	3.945%
June	4.50%		4.703%
May	4.462%	3.757%	4.665%	4.003%
April	4.749%		4.951%
March	4.591%	3.826%	4.793%	4.071%
February	4.711%		4.914%
January	4.839%	3.818%	5.041%	4.341%

2011 Rates

Month	20 Year Traditional Loan	20 Year Debt Refinance Loan	10 Year Traditional Loan	10 Year Debt Refinance Loan
December	4.95%	5.153%	*	*
November	5.081%	5.081%	4.199%	4.199%
October	4.61%	4.968%	*	*
September	4.70%	5.059%	3.77%	4.206%
August	5.14%	5.501%	*	*
July	5.59%		4.50%
June	5.52%		*
May	5.64%		4.59%
April	5.90%		*
March	5.94%		4.59%
February	6.07%		*
January	5.74%		4.70%

2010 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	5.57%	*
November	5.10%	3.53%
October	4.52%	*
September	4.62%	3.69%
August	4.93%	*
July	5.21%	4.17%
June	5.29%	*
May	5.52%	4.61%
April	5.77%	*
March	5.61%	4.60%
February	5.56%	*
January	5.79%	4.94%

2009 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	5.47%	*
November	5.03%	4.15%
October	4.52%	*
September	5.14%	4.26%
August	5.39%	*
July	5.24%	4.37%
June	5.90%	*
May	5.37%	4.49%
April	5.25%	*
March	5.60%	5.07%
February	5.70%	*
January	6.67%	6.83%

2008 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	7.171%	*
November	7.75%	7.12%
October	6.60%	*
September	6.57%	6.36%
August	6.99%	*
July	6.85%	6.60%
June	6.65%	*
May	6.46%	5.82%
April	6.34%	*
March	6.46%	5.82%
February	6.13%	*
January	6.14%	5.79%

2007 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	6.26%	*
November	6.48%	6.37%
October	6.54%	*
September	6.53%	6.50%
August	6.75%	*
July	6.79%	6.85%
June	6.68%	*
May	6.28%	6.36%
April	6.29%	*
March	6.20%	6.30%
February	6.46%	*
January	6.29%	6.44%

2006 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	6.09%	*
November	6.54%	6.73%
October	6.55%	*
September	6.72%	6.87%
August	6.88%	*
July	7.25%	7.45%
June	7.00%	*
May	7.05%	7.19%
April	6.82%	*
March	6.75%	6.97%
February	6.53%	*
January	6.39%	6.60%

2005 Rates

Month	20 Year Traditional Loan	10 Year Traditional Loan
December	6.57%	*
November	6.54%	6.84%
October	6.38%	*
September	6.05%	6.17%
August	6.40%	*
July	6.04%	6.13%
June	5.86%	*
May	6.13%	6.13%
April	6.40%	*
March	6.24%	6.20%
February	5.92%	*
January	6.15%	5.86%