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The final July value of the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders is 3.66 percent. This is a decrease of 0.01 percent from the previous month. 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) 649-3206. The August index value will be announced on Sep. 27, 2012.
Announce Date |
Index Month |
Index Rate |
August 28, 2012 |
July 2012 |
3.66 |
July 26, 2012 |
June 2012 |
3.67 |
June 26, 2012 |
May 2012 |
3.78 |
May 29, 2012 |
April 2012 |
3.93 |
April 26, 2012 |
March 2012 |
3.90 |
March 27, 2012 |
February 2012 |
4.08 |
February 28, 2012 |
January 2012 |
4.25* |
January 26, 2012 |
December 2011 |
4.15* |
December 22, 2011 |
November 2011 |
4.22* |
November 22, 2011 |
October 2011 |
4.19* |
October 27, 2011 |
September 2011 |
4.38* |
September 27, 2011 |
August 2011 |
4.56* |
August 30, 2011 |
July 2011 |
4.57* |
July 27, 2011 |
June 2011 |
4.62* |
*This number was based on a weighted sample. The FHFA now calculates the contract rate using un-weighted survey data.
Click here to view a Complete History of this index dating from 1980.
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