Mortgage Rates History 1980 through 2008

National Average Contract Mortgage Rate:

Index History

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 Board'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) 408-2940.

Looking for Current Mortgage Rates too? ERATE rate charts update daily.

Scroll down for history of rates back to 1980

		2009
	Announcement Date	Index Month	Index Value
	28-May-09	Apr-09	4.88
	28-Apr-09	Mar-09	5.06
	26-Mar-09	Feb-09	5.04
	26-Feb-09	Jan-09	5.12
		2008
	Announcement Date	Index Month	Index Value
	22-Jan-09	Dec-08	5.51
	30-Dec-08	Nov-08	6.18
	25-Nov-08	Oct-08	6.16
	28-Oct-08	Sept-08	6.17
	25-Sep-08	Aug-08	6.46
	28-Aug-08	Jul-08	6.41
	24-Jul-08	Jun-08	6.23
	26-Jun-08	May-08	6.04
	27-May-08	Apr-08	5.97
	24-Apr-08	Mar-08	6.03
	25-Mar-08	Feb-08	5.87
	26-Feb-08	Jan-08	5.97
		2007
	Announcement Date	Index Month	Index Value	Just One Click = Current Mortgage Rate Charts
	24-Jan-08	Dec-07	6.23
	27-Dec-07	Nov-07	6.35
	27-Nov-07	Oct-07	6.50
	25-Oct-07	Sept-07	6.59
	25-Sept-07	Aug-07	6.73
	28-Aug-07	July-07	6.74
	25-July-07	June-07	6.58
	26-June-07	May-07	6.37
	24-May-07	Apr-07	6.28
	26-Apr-07	Mar-07	6.33
	27-Mar-07	Feb-07	6.40
	27-Feb-07	Jan-07	6.37
		2006
	Announcement Date	Index Month	Index Value
	25-Jan-07	Dec-06	6.40
	28-Dec-06	Nov-06	6.45
	28-Nov-06	Oct-06	6.54
	26-Oct-06	Sept-06	6.59
	27-Sept-06	Aug-06	6.75
	29-Aug-06	Jul-06	6.77
	28-Jul-06	Jun-06	6.65
	Jun-06	May-06	6.61
	May-06	Apr-06	6.50
	Apr-06	Mar-06	6.43
	Mar-06	Feb-06	6.31
	Feb-06	Jan-06	6.30
		2005
	Announcement Date	Index Month	Index Value
	Jan-06	Dec-05	6.29
	Dec-05	Nov-05	6.22
	29-Nov-05	Oct-05	5.98
	25-Oct-05	Sept-05	5.85
	27-Sept-05	Aug-05	5.83
	30-Aug-05	Jul-05	5.68
	26-Jul-05	Jun-05	5.65
	29-Jun-05	May-05	5.80
	25-May-05	Apr-05	5.86
	26-Apr-05	Mar-05	5.76
	24-Mar-05	Feb-05	5.68
24-Feb-05	Jan-05	5.72
	2004
Announcement Date	Index Month	Index Value
26-Jan-05	Dec-04	5.71
28-Dec-04	Nov-04	5.65
30-Nov-04	Oct-04	5.64
26-Oct-04	Sept-04	5.63
28-Sept-04	Aug-04	5.77
26-Aug-04	Jul-04	5.88
28-Jul-04	Jun-04	5.96
25-Jun-04	May-04	5.73
28-May-04	Apr-04	5.37
26-Apr-04	Mar-04	5.43
26-Mar-04	Feb-04	5.69
26-Feb-04	Jan-04	5.63
	2003
Announcement Date	Index Month	Index Value	Just One Click = Current Mortgage Rate Charts
28-Jan-04	Dec-03	5.74
23-Dec-03	Nov-03	5.79
25-Nov-03	Oct-03	5.78
27-Oct-03	Sep-03	5.89
25-Sep-03	Aug-03	5.61
26-Aug-03	Jul-03	5.34
25-Jul-03	Jun-03	5.36
26-Jun-03	May-03	5.58
28-May-03	Apr-03	5.68
28-Apr-03	Mar-03	5.76
27-Mar-03	Feb-03	5.88
27-Feb-03	Jan-03	5.91
	2002
Announcement Date	Index Month	Index Value
28-Jan-03	Dec-02	6.04
26-Dec-02	Nov-02	6.03
26-Nov-02	Oct-02	6.09
25-Oct-02	Sep-02	6.23
27-Sep-02	Aug-02	6.32
28-Aug-02	Jul-02	6.48
25-Jul-02	Jun-02	6.62
26-Jun-02	May-02	6.74
28-May-02	Apr-02	6.88
26-Apr-02	Mar-02	6.77
27-Mar-02	Feb-02	6.77
27-Feb-02	Jan-02	6.81
	2001
Announcement Date	Index Month	Index Value
25-Jan-02	Dec-01	6.69
27-Dec-01	Nov-01	6.56
28-Nov-01	Oct-01	6.66
26-Oct-01	Sep-01	6.86
26-Sep-01	Aug-01	6.99
28-Aug-01	Jul-01	7.1
26-Jul-01	Jun-01	7.1
26-Jun-01	May-01	7.08
25-May-01	Apr-01	7.01
26-Apr-01	Mar-01	7.02
27-Mar-01	Feb-01	7.1
27-Feb-01	Jan-01	7.25
	2000
Announcement Date	Index Month	Index Value
26-Jan-01	Dec-00	7.59
26-Dec-00	Nov-00	7.73
28-Nov-00	Oct-00	7.81
26-Oct-00	Sep-00	7.89
27-Sep-00	Aug-00	8
29-Aug-00	Jul-00	8.09
27-Jul-00	Jun-00	8.17
27-Jun-00	May-00	8.08
26-May-00	Apr-00	8
27-Apr-00	Mar-00	8.01
27-Mar-00	Feb-00	7.95
25-Feb-00	Jan-00	7.79
	1999
Announcement Date	Index Month	Index Value	Just One Click = Current Mortgage Rate Charts
26-Jan-00	Dec-99	7.55
27-Dec-99	Nov-99	7.56
29-Nov-99	Oct-99	7.56
27-Oct-99	Sep-99	7.57
27-Sep-99	Aug-99	7.48
26-Aug-99	Jul-99	7.35
27-Jul-99	Jun-99	7.14
25-Jun-99	May-99	6.96
26-May-99	Apr-99	6.94
27-Apr-99	Mar-99	6.91
25-Mar-99	Feb-99	6.82
25-Feb-99	Jan-99	6.77
	1998
Announcement Date	Index Month	Index Value
27-Jan-99	Dec-98	6.76
24-Dec-98	Nov-98	6.77
25-Nov-98	Oct-98	6.74
27-Oct-98	Sep-98	6.88
25-Sep-98	Aug-98	6.98
26-Aug-98	Jul-98	7.01
27-Jul-98	Jun-98	7.06
26-Jun-98	May-98	7.08
27-May-98	Apr-98	7.09
27-Apr-98	Mar-98	7.07
26-Mar-98	Feb-98	7.06
26-Feb-98	Jan-98	7.12
	1997
Announcement Date	Index Month	Index Value
28-Jan-98	Dec-97	7.26
24-Dec-97	Nov-97	7.34
26-Nov-97	Oct-97	7.37
28-Oct-97	Sep-97	7.46
25-Sep-97	Aug-97	7.47
26-Aug-97	Jul-97	7.52
28-Jul-97	Jun-97	7.67
26-Jun-97	May-97	7.75
28-May-97	Apr-97	7.73
25-Apr-97	Mar-97	7.61
26-Mar-97	Feb-97	7.53
26-Feb-97	Jan-97	7.55
	1996
Announcement Date	Index Month	Index Value
28-Jan-97	Dec-96	7.45
27-Dec-96	Nov-96	7.55
27-Nov-96	Oct-96	7.68
25-Oct-96	Sep-96	7.78
27-Sep-96	Aug-96	7.76
28-Aug-96	Jul-96	7.87
26-Jul-96	Jun-96	7.77
27-Jun-96	May-96	7.72
29-May-96	Apr-96	7.55
26-Apr-96	Mar-96	7.29
26-Mar-96	Feb-96	7.13
27-Feb-96	Jan-96	7.18
	1995
Announcement Date	Index Month	Index Value	Just One Click = Current Mortgage Rate Charts
26-Jan-96	Dec-95	7.22
28-Dec-95	Nov-95	7.48
29-Nov-95	Oct-95	7.53
26-Oct-95	Sep-95	7.61
27-Sep-95	Aug-95	7.6
25-Aug-95	Jul-95	7.56
26-Jul-95	Jun-95	7.62
27-Jun-95	May-95	7.87
26-May-95	Apr-95	7.99
26-Apr-95	Mar-95	8.09
27-Mar-95	Feb-95	8
27-Feb-95	Jan-95	7.77
	1994
Announcement Date	Index Month	Index Value
26-Jan-95	Dec-94	7.75
27-Dec-94	Nov-94	7.56
29-Nov-94	Oct-94	7.6
25-Oct-94	Sep-94	7.57
27-Sep-94	Aug-94	7.59
25-Aug-94	Jul-94	7.49
July 26,1994	Jun-94	7.36
27-Jun-94	May-94	7.33
25-May-94	Apr-94	7.04
26-Apr-94	Mar-94	6.84
25-Mar-94	Feb-94	6.68
25-Feb-94	Jan-94	6.73
	1993
Announcement Date	Index Month	Index Value
26-Jan-94	Dec-93	6.65
28-Dec-93	Nov-93	6.6
30-Nov-93	Oct-93	6.59
28-Oct-93	Sep-93	6.75
27-Sep-93	Aug-93	6.87
27-Aug-93	Jul-93	6.95
27-Jul-93	Jun-93	7.02
25-Jun-93	May-93	7.08
25-May-93	Apr-93	7.06
27-Apr-93	Mar-93	7.17
26-Mar-93	Feb-93	7.28
26-Feb-93	Jan-93	7.49
	1992
Announcement Date	Index Month	Index Value
27-Jan-93	Dec-92	7.53
24-Dec-92	Nov-92	7.49
30-Nov-92	Oct-92	7.4
27-Oct-92	Sep-92	7.44
25-Sep-92	Aug-92	7.58
24-Aug-92	Jul-92	7.78
27-Jul-92	Jun-92	8.04
26-Jun-92	May-92	8.2
26-May-92	Apr-92	8.26
27-Apr-92	Mar-92	8.14
26-Mar-92	Feb-92	8.15
25-Feb-92	Jan-92	8.02
	1991
Announcement Date	Index Month	Index Value
24-Jan-92	Dec-91	8.25
24-Dec-91	Nov-91	8.43
21-Nov-91	Oct-91	8.78
18-Oct-91	Sep-91	8.93
23-Sep-91	Aug-91	9.1
21-Aug-91	Jul-91	9.12
17-Jul-91	Jun-91	9.12
21-Jun-91	May-91	9.23
17-May-91	Apr-91	9.24
17-Apr-91	Mar-91	9.26
15-Mar-91	Feb-91	9.49
21-Feb-91	Jan-91	9.54
	1990
Announcement Date	Index Month	Index Value
18-Jan-91	Dec-90	9.58
17-Dec-90	Nov-90	9.69
15-Nov-90	Oct-90	9.67
16-Oct-90	Sep-90	9.7
14-Sep-90	Aug-90	9.7
15-Aug-90	Jul-90	9.85
18-Jul-90	Jun-90	9.85
15-Jun-90	May-90	9.83
16-May-90	Apr-90	9.82
16-Apr-90	Mar-90	9.74
15-Mar-90	Feb-90	9.74
15-Feb-90	Jan-90	9.68
	1989
Announcement Date	Index Month	Index Value
16-Jan-90	Dec-89	9.69
18-Dec-89	Nov-89	9.8
16-Nov-89	Oct-89	9.86
16-Oct-89	Sep-89	9.82
15-Sep-89	Aug-89	9.81
15-Aug-89	Jul-89	10.1
14-Jul-89	Jun-89	10.27
13-Jun-89	May-89	10.13
15-May-89	Apr-89	9.76
14-Apr-89	Mar-89	9.62
15-Mar-89	Feb-89	9.44
15-Feb-89	Jan-89	9.31
	1988
Announcement Date	Index Month	Index Value
17-Jan-89	Dec-88	9.31
13-Dec-88	Nov-88	9.16
16-Nov-88	Oct-88	9.11
14-Oct-88	Sep-88	8.98
15-Sep-88	Aug-88	9
15-Aug-88	Jul-88	8.98
15-Jul-88	Jun-88	8.98
15-Jun-88	May-88	8.9
16-May-88	Apr-88	8.93
15-Apr-88	Mar-88	8.84
15-Mar-88	Feb-88	8.84
16-Feb-88	Jan-88	8.92
	1987
Announcement Date	Index Month	Index Value
15-Jan-88	Dec-87	8.86
15-Dec-87	Nov-87	8.89
13-Nov-87	Oct-87	8.86
15-Oct-87	Sep-87	8.91
11-Sep-87	Aug-87	9.05
14-Aug-87	Jul-87	9.05
15-Jul-87	Jun-87	9.02
15-Jun-87	May-87	8.93
15-May-87	Apr-87	8.79
15-Apr-87	Mar-87	8.8
13-Mar-87	Feb-87	8.89
12-Feb-87	Jan-87	9.19
	1986
Announcement Date	Index Month	Index Value
13-Jan-87	Dec-86	9.29
12-Dec-86	Nov-86	9.48
12-Nov-86	Oct-86	9.59
14-Oct-86	Sep-86	9.71
11-Sep-86	Aug-86	9.88
11-Aug-86	Jul-86	9.88
11-Jul-86	Jun-86	9.83
11-Jun-86	May-86	9.8
12-May-86	Apr-86	10
10-Apr-86	Mar-86	10.24
12-Mar-86	Feb-86	10.46
10-Feb-86	Jan-86	10.4
	1985
Announcement Date	Index Month	Index Value
13-Jan-86	Dec-85	10.7
12-Dec-85	Nov-85	10.8
13-Nov-85	Oct-85	10.86
11-Oct-85	Sep-85	10.76
13-Sep-85	Aug-85	10.87
12-Aug-85	Jul-85	11.02
12-Jul-85	Jun-85	11.29
11-Jun-85	May-85	11.62
10-May-85	Apr-85	11.62
10-Apr-85	Mar-85	11.72
13-Mar-85	Feb-85	11.9
11-Feb-85	Jan-85	12.09
	1984
Announcement Date	Index Month	Index Value
14-Jan-85	Dec-84	12.26
11-Dec-84	Nov-84	12.38
15-Nov-84	Oct-84	12.52
11-Oct-84	Sep-84	12.43
12-Sep-84	Aug-84	12.24
10-Aug-84	Jul-84	12.03
12-Jul-84	Jun-84	11.79
11-Jun-84	May-84	11.63
11-May-84	Apr-84	11.61
11-Apr-84	Mar-84	11.69
13-Mar-84	Feb-84	11.73
10-Feb-84	Jan-84	11.7
	1983
Announcement Date	Index Month	Index Value
13-Jan-84	Dec-83	11.94
12-Dec-83	Nov-83	12.11
15-Nov-83	Oct-83	12.19
17-Oct-83	Sep-83	12.38
13-Sep-83	Aug-83	12.25
11-Aug-83	Jul-83	12.18
13-Jul-83	Jun-83	12.21
14-Jun-83	May-83	12.36
13-May-83	Apr-83	12.42
12-Apr-83	Mar-83	12.61
14-Mar-83	Feb-83	12.88
11-Feb-83	Jan-83	13.04
	1982
Announcement Date	Index Month	Index Value
12-Jan-83	Dec-82	13.44
14-Dec-82	Nov-82	13.74
13-Nov-82	Oct-82	14.37
13-Oct-82	Sep-82	14.71
13-Sep-82	Aug-82	15.03
12-Aug-82	Jul-82	14.96
13-Jul-82	Jun-82	15.01
11-Jun-82	May-82	15.57
12-May-82	Apr-82	15.39
12-Apr-82	Mar-82	15.07
12-Mar-82	Feb-82	15.22
12-Feb-82	Jan-82	15.37
	1981
Announcement Date	Index Month	Index Value
12-Jan-82	Dec-81	15.53
14-Dec-81	Nov-81	15.8
12-Nov-81	Oct-81	15.47
13-Oct-81	Sep-81	15.38
14-Sep-81	Aug-81	15.03
12-Aug-81	Jul-81	14.77
13-Jul-81	Jun-81	14.4
10-Jun-81	May-81	14.19
12-May-81	Apr-81	13.99
10-Apr-81	Mar-81	13.91
12-Mar-81	Feb-81	13.73
11-Feb-81	Jan-81	13.24
	1980
Announcement Date	Index Month	Index Value	Just One Click = Current Mortgage Rate Charts
13-Jan-81	Dec-80	13.15
11-Dec-80	Nov-80	12.85
10-Nov-80	Oct-80	12.31
10-Oct-80	Sep-80	12
11-Sep-80	Aug-80	11.89
11-Aug-80	Jul-80	12.23
11-Jul-80	Jun-80	12.88
11-Jun-80	May-80	13.74
21-May-80	Apr-80	13.21
7-May-80	Mar-80	12.56
7-Apr-80	Feb-80	12.3
3-Apr-80	Jan-80	11.78
Source for data above: Federal Housing Finance Board's Monthly Interest Rate Survey (MIRS) Another quality source of Mortgage Rates History: Freddie Mac Weekly Mortgage Market Survey

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