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Mortgage Rate History

Mortgage Rates History 1980 through 2013

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

  2013    
Announcement Date Index Month Index Value  
Jul-30-13 Jun-13 3.55  
Jun-27-13 May-13 3.40  
May-30-13 Apr-13 3.56  
Apr-25-13 Mar-13 3.54  
Mar-28-13 Feb-13 3.43  
Feb-26-13 Jan-13 3.35  
  2012    
Announcement Date Index Month Index Value  
Jan-29-13 Dec-12 3.29  
Dec-27-12 Nov-12 3.36  
Nov-29-12 Oct-12 3.44  
Oct-30-12 Sep-12 3.56  
Sep-27-12 Aug-12 3.56  
Aug-28-12 Jul-12 3.66  
July-26-12 Jun-12 3.67  
Jun-26-12 May-12 3.78  
May-29-12 Apr-12 3.93  
Apr-26-12 Mar-12 3.90  
Mar-27-12 Feb-12 4.08  
Feb-28-12 Jan-12 4.25  
  2011    
Announcement Date Index Month Index Value  
Jan-26-12 Dec-11 4.15  
Dec-22-11 Nov-11 4.22  
Nov-22-11 Oct-11 4.19  
Oct-27-11 Sep-11 4.38  
Sep-27-11 Aug-11 4.56  
Aug-30-11 Jul-11 4.57  
Jul-27-11 Jun-11 4.62  
Jun-28-11 May-11 4.74  
May-25-11 Apr-11 4.80  
Apr-26-11 Mar-11 4.84  
Mar-29-11 Feb-11 4.79  
Feb-24-11 Jan-11 4.71  
  2010    
Announcement Date Index Month Index Value  
Jan-27-11 Dec-10 4.58  
Dec-28-10 Nov-10 4.42  
Nov-23-10 Oct-10 4.49  
Oct-28-10 Sept-10 4.55  
Sept-28-10 Aug-10 4.65  
Aug-26-10 Jul-10 4.78  
Jul-27-10 Jun-10 4.91  
Jun-24-10 May-10 4.99  
May-27-10 Apr-10 5.02  
Apr-27-10 Mar-10 4.99  
Mar-30-10 Feb-10 5.05  
Feb-25-10 Jan-10 5.01
  2009    
Announcement Date Index Month Index Value
Jan-26-10 Dec-09 4.92  
Dec-24-09 Nov-09 5.01  
Nov-24-09 Oct-09 5.02  
Oct-27-09 Sep-09 5.16  
29-Sep-09 Aug-09 5.25  
27-Aug-09 Jul-09 5.26  
28-Jul-09 Jun-09 5.09  
25-Jun-09 May-09 4.99  
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


Personalized Refinance Quotes
 
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


Personalized Refinance Quotes
 
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


Personalized Refinance Quotes
 
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


Personalized Refinance Quotes
 
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


Personalized Refinance Quotes
 
     
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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