National
Average Contract Mortgage Rate
For the Purchase of
Previously Occupied Homes
By Combined Lenders
The
National Average Contract Mortgage Rate is derived from the Federal Housing
Finance Agency's Monthly
Interest Rate Survey (MIRS). Prior to October 1989, this survey
was conducted for many years by the former Federal Home Loan Bank Board (FHLBB).
The series is the average contract rate reported by a sample of mortgage lenders
-- savings and loan associations, savings banks, commercial banks, and mortgage
companies -- for loans closed during the first 5 working days of the month up
through October 1991 and for the last 5 working days of the month since November
1991. The rate is based on conventional fixed- and adjustable-rate loans on
previously occupied nonfarm single-family homes. The series trails interest-rate
trends both because of the processing time and the fact that the rate on a loan
closed often reflects a rate commitment made two or three months
earlier.
Up-to-date
information on this series is available on a recorded message on (202) 649-3993.
Announcement
Date |
Index Month
|
Index Value |
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 |
June
28, 2011 |
May
2011 |
4.74 |
May
25, 2011 |
April
2011 |
4.80 |
April
26, 2011 |
March
2011 |
4.84 |
March
29, 2011 |
February
2011 |
4.79 |
February
24, 2011 |
January
2011 |
4.71 |
Announcement
Date |
Index Month
|
Index Value |
January
27, 2011 |
December
2010 |
4.58 |
December
28, 2010 |
November
2010 |
4.42 |
November
23, 2010 |
October
2010 |
4.49 |
October
28, 2010 |
September
2010 |
4.55 |
September
28, 2010 |
August
2010 |
4.65 |
August
26, 2010 |
July
2010 |
4.78 |
July
27, 2010 |
June
2010 |
4.91 |
June
24, 2010 |
May
2010 |
4.99 |
May
27, 2010 |
April
2010 |
5.02 |
April
27, 2010 |
March
2010 |
4.99 |
March
30, 2010 |
February
2010 |
5.05 |
February
25, 2010 |
January
2010 |
5.01 |
Announcement
Date |
Index Month
|
Index Value |
January
26, 2010 |
December
2009 |
4.92 |
December
24, 2009 |
November
2009 |
5.01 |
November
24, 2009 |
October
2009 |
5.02 |
October
27, 2009 |
September
2009 |
5.16 |
September
29, 2009 |
August
2009 |
5.25 |
August
27, 2009 |
July
2009 |
5.26 |
July
28, 2009 |
June
2009 |
5.09 |
June
25, 2009 |
May
2009 |
4.88 |
May
28, 2009 |
April
2009 |
4.88 |
April
28, 2009 |
March
2009 |
5.06 |
March
26, 2009 |
February
2009 |
5.04 |
February
26, 2009 |
January
2009 |
5.12 |
Announcement
Date |
Index Month
|
Index Value |
January
27, 2009 |
December
2008 |
5.51 |
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 |
Announcement
Date |
Index Month
|
Index Value |
January
24, 2008 |
December
2007 |
6.23 |
December
27, 2007 |
November
2007 |
6.35 |
November
27, 2007 |
October
2007 |
6.50 |
October
25, 2007 |
September
2007 |
6.59 |
September
25, 2007 |
August
2007 |
6.73 |
August
28, 2007 |
July
2007 |
6.74 |
July
25, 2007 |
June
2007 |
6.58 |
June
26, 2007 |
May
2007 |
6.37 |
May
24, 2007 |
April
2007 |
6.28 |
April
26, 2007 |
March
2007 |
6.33 |
March
27, 2007 |
February
2007 |
6.40 |
February
27, 2007 |
January
2007 |
6.37 |
Announcement
Date |
Index Month
|
Index Value |
January
25, 2007 |
December
2006 |
6.40 |
December
28, 2006 |
November
2006 |
6.45 |
November
28, 2006 |
October
2006 |
6.54 |
October
26, 2006 |
September
2006 |
6.59 |
September
27, 2006 |
August
2006 |
6.75 |
August
29, 2006 |
July
2006 |
6.77 |
July
25, 2006 |
June
2006 |
6.65 |
June
27, 2006 |
May
2006 |
6.61 |
May
30, 2006 |
Apr
2006 |
6.50 |
April
25, 2006 |
March
2006 |
6.43 |
March
27, 2006 |
February
2006 |
6.31 |
February
27, 2006 |
January
2006 |
6.30 |
Index Month
|
Index Value | |
January
25, 2006 |
December
2005 |
6.29 |
December
28, 2005 |
November
2005 |
6.22 |
November
29, 2005 |
October
2005 |
5.98 |
October
25, 2005 |
September
2005 |
5.85 |
September
27, 2005 |
August
2005 |
5.83 |
August
30, 2005 |
July
2005 |
5.68 |
July
26, 2005 |
June
2005 |
5.65 |
June
29, 2005 |
May
2005 |
5.80 |
May
25, 2005 |
Apr
2005 |
5.86 |
April
26, 2005 |
March
2005 |
5.76 |
March
25, 2005 |
February
2005 |
5.68 |
February
24, 2005 |
January
2005 |
5.72 |
Announcement
Date |
Index Month
|
Index Value
|
January
26, 2005 |
December
2004 |
5.71 |
December
28, 2004 |
November
2004 |
5.65 |
November
30, 2004 |
October
2004 |
5.64 |
October
26, 2004 |
September
2004 |
5.63 |
September
28, 2004 |
August
2004 |
5.77 |
August
26, 2004 |
July
2004 |
5.88 |
July
28, 2004 |
June
2004 |
5.96 |
June
25, 2004 |
May
2004 |
5.73 |
May
28, 2004 |
Apr
2004 |
5.37 |
April
26, 2004 |
March
2004 |
5.43 |
March
26, 2004 |
February
2004 |
5.69 |
February
26, 2004 |
January
2004 |
5.63 |
Announcement
Date |
Index Month
|
Index Value
|
January
28, 2004 |
December
2003 |
5.74 |
December
23, 2003 |
November
2003 |
5.79 |
November
25, 2003 |
October
2003 |
5.78 |
October
27, 2003 |
September
2003 |
5.89 |
September
25, 2003 |
August
2003 |
5.61 |
August
26, 2003 |
July
2003 |
5.34 |
July
25, 2003 |
June
2003 |
5.36 |
June
26, 2003 |
May
2003 |
5.58 |
May
28, 2003 |
April
2003 |
5.68 |
April
28, 2003 |
March
2003 |
5.76 |
March
27, 2003 |
February
2003 |
5.88 |
February 27 , 2003 |
January 2003 |
5.91 |
Index Month
|
Index Value
| |
January 28, 2003 |
December 2002 |
6.04 |
December 26, 2002 |
November 2002 |
6.03 |
November 26, 2002 |
October 2002 |
6.09 |
October 25, 2002 |
September 2002 |
6.23 |
September 27, 2002 |
August 2002 |
6.32 |
August 28, 2002 |
July 2002 |
6.48 |
July 25, 2002 |
June 2002 |
6.62 |
June 26, 2002 |
May 2002 |
6.74 |
May 28, 2002 |
April 2002 |
6.88 |
April 26, 2002 |
March 2002 |
6.77 |
March 27, 2002 |
February 2002 |
6.77 |
February 27, 2002 |
January 2002 |
6.81 |
Index Month
|
Index Value
| |
January 25, 2002 |
December 2001 |
6.69 |
December 27, 2001 |
November 2001 |
6.56 |
November 28, 2001 |
October 2001 |
6.66 |
October 26, 2001 |
September 2001 |
6.86 |
September 26, 2001 |
August 2001 |
6.99 |
August 28,
2001 |
July
2001 |
7.10 |
July 26, 2001 |
June 2001 |
7.10 |
June 26, 2001 |
May 2001 |
7.08 |
May 25, 2001 |
April 2001 |
7.01 |
April 26, 2001 |
March 2001 |
7.02 |
March 27, 2001 |
February 2001 |
7.10 |
February 27, 2001 |
January 2001 |
7.25 |
Index Month
|
Index Value
| |
January 26, 2001 |
December 2000 |
7.59 |
December 26, 2000 |
November 2000 |
7.73 |
November 28, 2000 |
October 2000 |
7.81 |
October 26, 2000 |
September 2000 |
7.89 |
September 27, 2000 |
August 2000 |
8.00 |
August 29, 2000 |
July 2000 |
8.09 |
July 27, 2000 |
June 2000 |
8.17 |
June 27, 2000 |
May 2000 |
8.08 |
May 26, 2000 |
April 2000 |
8.00 |
April 27, 2000 |
March 2000 |
8.01 |
March 27, 2000 |
February 2000 |
7.95 |
February 25, 2000 |
January 2000 |
7.79 |
Index Month
|
Index Value
| |
January 26, 2000 |
December 1999 |
7.55 |
December 27, 1999 |
November 1999 |
7.56 |
November 29, 1999 |
October 1999 |
7.56 |
October 27, 1999 |
September 1999 |
7.57 |
September 27, 1999 |
August 1999 |
7.48 |
August 26, 1999 |
July 1999 |
7.35 |
July 27, 1999 |
June 1999 |
7.14 |
June 25, 1999 |
May 1999 |
6.96 |
May 26, 1999 |
April 1999 |
6.94 |
April 27, 1999 |
March 1999 |
6.91 |
March 25, 1999 |
February 1999 |
6.82 |
February 25, 1999 |
January 1999 |
6.77 |
Index Month
|
Index Value
| |
January 27, 1999 |
December 1998 |
6.76 |
December 24, 1998 |
November 1998 |
6.77 |
November 25, 1998 |
October 1998 |
6.74 |
October 27, 1998 |
September 1998 |
6.88 |
September 25, 1998 |
August 1998 |
6.98 |
August 26, 1998 |
July 1998 |
7.01 |
July 27, 1998 |
June 1998 |
7.06 |
June 26, 1998 |
May 1998 |
7.08 |
May 27, 1998 |
April 1998 |
7.09 |
April 27, 1998 |
March 1998 |
7.07 |
March 26, 1998 |
February 1998 |
7.06 |
February 26, 1998 |
January 1998 |
7.12 |
Index Month
|
Index Value
| |
January 28, 1998 |
December 1997 |
7.26 |
December 24, 1997 |
November 1997 |
7.34 |
November 26, 1997 |
October 1997 |
7.37 |
October 28, 1997 |
September 1997 |
7.46 |
September 25, 1997 |
August 1997 |
7.47 |
August 26, 1997 |
July 1997 |
7.52 |
July 28, 1997 |
June 1997 |
7.67 |
June 26, 1997 |
May 1997 |
7.75 |
May 28, 1997 |
April 1997 |
7.73 |
April 25, 1997 |
March 1997 |
7.61 |
March 26, 1997 |
February 1997 |
7.53 |
February 26, 1997 |
January 1997 |
7.55 |
Index Month
|
Index Value
| |
January 28, 1997 |
December 1996 |
7.45 |
December 27, 1996 |
November 1996 |
7.55 |
November 27, 1996 |
October 1996 |
7.68 |
October 25, 1996 |
September 1996 |
7.78 |
September 27, 1996 |
August 1996 |
7.76 |
August 28, 1996 |
July 1996 |
7.87 |
July 26, 1996 |
June 1996 |
7.77 |
June 27, 1996 |
May 1996 |
7.72 |
May 29, 1996 |
April 1996 |
7.55 |
April 26, 1996 |
March 1996 |
7.29 |
March 26, 1996 |
February 1996 |
7.13 |
February 27, 1996 |
January 1996 |
7.18 |
Index Month
|
Index Value
| |
January 26, 1996 |
December 1995 |
7.22 |
December 28, 1995 |
November 1995 |
7.48 |
November 29, 1995 |
October 1995 |
7.53 |
October 26, 1995 |
September 1995 |
7.61 |
September 27, 1995 |
August 1995 |
7.60 |
August 25, 1995 |
July 1995 |
7.56 |
July 26, 1995 |
June 1995 |
7.62 |
June 27, 1995 |
May 1995 |
7.87 |
May 26, 1995 |
April 1995 |
7.99 |
April 26, 1995 |
March 1995 |
8.09 |
March 27, 1995 |
February 1995 |
8.00 |
February 27, 1995 |
January 1995 |
7.77 |
Index Month
|
Index Value
| |
January 26, 1995 |
December 1994 |
7.75 |
December 27, 1994 |
November 1994 |
7.56 |
November 29, 1994 |
October 1994 |
7.60 |
October 25, 1994 |
September 1994 |
7.57 |
September 27, 1994 |
August 1994 |
7.59 |
August 25, 1994 |
July 1994 |
7.49 |
July 26,1994 |
June 1994 |
7.36 |
June 27, 1994 |
May 1994 |
7.33 |
May 25, 1994 |
April 1994 |
7.04 |
April 26, 1994 |
March 1994 |
6.84 |
March 25, 1994 |
February 1994 |
6.68 |
February 25, 1994 |
January 1994 |
6.73 |
Index Month
|
Index Value
| |
January 26, 1994 |
December 1993 |
6.65 |
December 28, 1993 |
November 1993 |
6.60 |
November 30, 1993 |
October 1993 |
6.59 |
October 28, 1993 |
September 1993 |
6.75 |
September 27, 1993 |
August 1993 |
6.87 |
August 27, 1993 |
July 1993 |
6.95 |
July 27, 1993 |
June 1993 |
7.02 |
June 25, 1993 |
May 1993 |
7.08 |
May 25, 1993 |
April 1993 |
7.06 |
April 27, 1993 |
March 1993 |
7.17 |
March 26, 1993 |
February 1993 |
7.28 |
February 26, 1993 |
January 1993 |
7.49 |
Index Month
|
Index Value
| |
January 27, 1993 |
December 1992 |
7.53 |
December 24, 1992 |
November 1992 |
7.49 |
November 30, 1992 |
October 1992 |
7.40 |
October 27, 1992 |
September 1992 |
7.44 |
September 25, 1992 |
August 1992 |
7.58 |
August 24, 1992 |
July 1992 |
7.78 |
July 27, 1992 |
June 1992 |
8.04 |
June 26, 1992 |
May 1992 |
8.20 |
May 26, 1992 |
April 1992 |
8.26 |
April 27, 1992 |
March 1992 |
8.14 |
March 26, 1992 |
February 1992 |
8.15 |
February 25, 1992 |
January 1992 |
8.02 |
Index Month
|
Index Value
| |
January 24, 1992 |
December 1991 |
8.25 |
December 24, 1991 |
November 1991 |
8.43 |
November 21, 1991 |
October 1991 |
8.78 |
October 18, 1991 |
September 1991 |
8.93 |
September 23, 1991 |
August 1991 |
9.10 |
August 21, 1991 |
July 1991 |
9.12 |
July 17, 1991 |
June 1991 |
9.12 |
June 21, 1991 |
May 1991 |
9.23 |
May 17, 1991 |
April 1991 |
9.24 |
April 17, 1991 |
March 1991 |
9.26 |
March 15, 1991 |
February 1991 |
9.49 |
February 21, 1991 |
January 1991 |
9.54 |
Index Month
|
Index Value
| |
January 18, 1991 |
December 1990 |
9.58 |
December 17, 1990 |
November 1990 |
9.69 |
November 15, 1990 |
October 1990 |
9.67 |
October 16, 1990 |
September 1990 |
9.70 |
September 14, 1990 |
August 1990 |
9.70 |
August 15, 1990 |
July 1990 |
9.85 |
July 18, 1990 |
June 1990 |
9.85 |
June 15, 1990 |
May 1990 |
9.83 |
May 16, 1990 |
April 1990 |
9.82 |
April 16, 1990 |
March 1990 |
9.74 |
March 15, 1990 |
February 1990 |
9.74 |
February 15, 1990 |
January 1990 |
9.68 |
Index Month
|
Index Value
| |
January 16, 1990 |
December 1989 |
9.69 |
December 18, 1989 |
November 1989 |
9.80 |
November 16, 1989 |
October 1989 |
9.86 |
October 16, 1989 |
September 1989 |
9.82 |
September 15, 1989 |
August 1989 |
9.81 |
August 15, 1989 |
July 1989 |
10.10 |
July 14, 1989 |
June 1989 |
10.27 |
June 13, 1989 |
May 1989 |
10.13 |
May 15, 1989 |
April 1989 |
9.76 |
April 14, 1989 |
March 1989 |
9.62 |
March 15, 1989 |
February 1989 |
9.44 |
February 15, 1989 |
January 1989 |
9.31 |
Index Month
|
Index Value
| |
January 17, 1989 |
December 1988 |
9.31 |
December 13, 1988 |
November 1988 |
9.16 |
November 16, 1988 |
October 1988 |
9.11 |
October 14, 1988 |
September 1988 |
8.98 |
September 15, 1988 |
August 1988 |
9.00 |
August 15, 1988 |
July 1988 |
8.98 |
July 15, 1988 |
June 1988 |
8.98 |
June 15, 1988 |
May 1988 |
8.90 |
May 16, 1988 |
April 1988 |
8.93 |
April 15, 1988 |
March 1988 |
8.84 |
March 15, 1988 |
February 1988 |
8.84 |
February 16, 1988 |
January 1988 |
8.92 |
Index Month
|
Index Value
| |
January 15, 1988 |
December 1987 |
8.86 |
December 15, 1987 |
November 1987 |
8.89 |
November 13, 1987 |
October 1987 |
8.86 |
October 15, 1987 |
September 1987 |
8.91 |
September 11, 1987 |
August 1987 |
9.05 |
August 14, 1987 |
July 1987 |
9.05 |
July 15, 1987 |
June 1987 |
9.02 |
June 15, 1987 |
May 1987 |
8.93 |
May 15, 1987 |
April 1987 |
8.79 |
April 15, 1987 |
March 1987 |
8.80 |
March 13, 1987 |
February 1987 |
8.89 |
February 12, 1987 |
January 1987 |
9.19 |
Index Month
|
Index Value
| |
January 13, 1987 |
December 1986 |
9.29 |
December 12, 1986 |
November 1986 |
9.48 |
November 12, 1986 |
October 1986 |
9.59 |
October 14, 1986 |
September 1986 |
9.71 |
September 11, 1986 |
August 1986 |
9.88 |
August 11, 1986 |
July 1986 |
9.88 |
July 11, 1986 |
June 1986 |
9.83 |
June 11, 1986 |
May 1986 |
9.80 |
May 12, 1986 |
April 1986 |
10.00 |
April 10, 1986 |
March 1986 |
10.24 |
March 12, 1986 |
February 1986 |
10.46 |
February 10, 1986 |
January 1986 |
10.40 |
Index Month
|
Index Value
| |
January 13, 1986 |
December 1985 |
10.70 |
December 12, 1985 |
November 1985 |
10.80 |
November 13, 1985 |
October 1985 |
10.86 |
October 11, 1985 |
September 1985 |
10.76 |
September 13, 1985 |
August 1985 |
10.87 |
August 12, 1985 |
July 1985 |
11.02 |
July 12, 1985 |
June 1985 |
11.29 |
June 11, 1985 |
May 1985 |
11.62 |
May 10, 1985 |
April 1985 |
11.62 |
April 10, 1985 |
March 1985 |
11.72 |
March 13, 1985 |
February 1985 |
11.90 |
February 11, 1985 |
January 1985 |
12.09 |
Index Month
|
Index Value
| |
January 14, 1985 |
December 1984 |
12.26 |
December 11, 1984 |
November 1984 |
12.38 |
November 15, 1984 |
October 1984 |
12.52 |
October 11, 1984 |
September 1984 |
12.43 |
September 12, 1984 |
August 1984 |
12.24 |
August 10, 1984 |
July 1984 |
12.03 |
July 12, 1984 |
June 1984 |
11.79 |
June 11, 1984 |
May 1984 |
11.63 |
May 11, 1984 |
April 1984 |
11.61 |
April 11, 1984 |
March 1984 |
11.69 |
March 13, 1984 |
February 1984 |
11.73 |
February 10, 1984 |
January 1984 |
11.70 |
Index Month
|
Index Value
| |
January 13, 1984 |
December 1983 |
11.94 |
December 12, 1983 |
November 1983 |
12.11 |
November 15, 1983 |
October 1983 |
12.19 |
October 17, 1983 |
September 1983 |
12.38 |
September 13, 1983 |
August 1983 |
12.25 |
August 11, 1983 |
July 1983 |
12.18 |
July 13, 1983 |
June 1983 |
12.21 |
June 14, 1983 |
May 1983 |
12.36 |
May 13, 1983 |
April 1983 |
12.42 |
April 12, 1983 |
March 1983 |
12.61 |
March 14, 1983 |
February 1983 |
12.88 |
February 11, 1983 |
January 1983 |
13.04 |
Index Month
|
Index Value
| |
January 12, 1983 |
December 1982 |
13.44 |
December 14, 1982 |
November 1982 |
13.74 |
November 13, 1982 |
October 1982 |
14.37 |
October 13, 1982 |
September 1982 |
14.71 |
September 13, 1982 |
August 1982 |
15.03 |
August 12, 1982 |
July 1982 |
14.96 |
July 13, 1982 |
June 1982 |
15.01 |
June 11, 1982 |
May 1982 |
15.57 |
May 12, 1982 |
April 1982 |
15.39 |
April 12, 1982 |
March 1982 |
15.07 |
March 12, 1982 |
February 1982 |
15.22 |
February 12, 1982 |
January 1982 |
15.37 |
Index Month
|
Index Value
| |
January 12, 1982 |
December 1981 |
15.53 |
December 14, 1981 |
November 1981 |
15.80 |
November 12, 1981 |
October 1981 |
15.47 |
October 13, 1981 |
September 1981 |
15.38 |
September 14, 1981 |
August 1981 |
15.03 |
August 12, 1981 |
July 1981 |
14.77 |
July 13, 1981 |
June 1981 |
14.40 |
June 10, 1981 |
May 1981 |
14.19 |
May 12, 1981 |
April 1981 |
13.99 |
April 10, 1981 |
March 1981 |
13.91 |
March 12, 1981 |
February 1981 |
13.73 |
February 11, 1981 |
January 1981 |
13.24 |
Index Month
|
Index Value
| |
January 13, 1981 |
December 1980 |
13.15 |
December 11, 1980 |
November 1980 |
12.85 |
November 10, 1980 |
October 1980 |
12.31 |
October 10, 1980 |
September 1980 |
12.00 |
September 11, 1980 |
August 1980 |
11.89 |
August 11, 1980 |
July 1980 |
12.23 |
July 11, 1980 |
June 1980 |
12.88 |
June 11, 1980 |
May 1980 |
13.74 |
May 21, 1980 |
April 1980 |
13.21 |
May 7, 1980 |
March 1980 |
12.56 |
April 7, 1980 |
February 1980 |
12.30 |
April 3, 1980 |
January 1980 |
11.78 |