| ARM Index
The final November value of the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders is 6.18 percent. This is an increase of 0.02 percent from the October value. Many lenders use this rate in adjusting some adjustable-rate mortgages. This index was the only index rate that federally chartered savings and loan associations could use as an adjustable-rate mortgage index in the early 1980s.
Interested parties can receive up-to-date information on this index value by calling (202) 408-2940. The December index value will be announced on January 27, 2009.
| Announce Date |
Index Month |
Index Rate |
| December 30, 2008 |
November 2008 |
6.18 |
| November 25, 2008 |
October 2008 |
6.16 |
| October 28, 2008 |
September 2008 |
6.17 |
| September 25, 2008 |
August 2008 |
6.46 |
| August 28, 2008 |
July 2008 |
6.41 |
| July 24, 2008 |
June 2008 |
6.23 |
| June 25, 2008 |
May 2008 |
6.04 |
| May 27, 2008 |
April 2008 |
5.97 |
| April 24, 2008 |
March 2008 |
6.03 |
| March 25, 2008 |
February 2008 |
5.87 |
| February 26, 2008 |
January 2008 |
5.97 |
| January 24, 2008 |
December 2007 |
6.23 |
| December 27, 2007 |
November 2007 |
6.35 |
Click here to view a Complete History of this index dating from 1980.
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