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.
Announcement Date
Index Month
Index Value
25-Mar-08
Feb-08
5.87
26-Feb-08
Jan-08
5.97
2007
Announcement Date
Index Month
Index Value
Fannie Mae & Jumbo Mortgage Rates Just One Click!= Current Rate Chart
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
Fannie Mae & Jumbo Mortgage Rates Just One Click!= Current Rate Chart
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
Fannie Mae & Jumbo Mortgage Rates Just One Click!= Current Rate Chart
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
Fannie Mae & Jumbo Mortgage Rates Just One Click!= Current Rate Chart
