Historical Data

 

iconTable 14. Mortgage Interest Rates, Average Commitment Rates, and Points: 1973–Present

 


Period		 FHA Conventional
30-Year Fixed Rate 30-Year Fixed Rate 15-Year Fixed Rate 1-Year ARMs
Rate* Points 1 Rate Points Rate Points Rate Points
Annual Data
1973 7.41 5.4 8.04 1.0 NA NA NA NA
1974 8.85 4.6 9.19 1.2 NA NA NA NA
1975 8.64 4.4 9.04 1.1 NA NA NA NA
1976 8.50 3.2 8.88 1.2 NA NA NA NA
1977 8.27 2.7 8.84 1.1 NA NA NA NA
1978 9.10 3.6 9.63 1.3 NA NA NA NA
1979 10.00 4.5 11.19 1.6 NA NA NA NA
1980 12.36 5.7 13.77 1.8 NA NA NA NA
1981 15.17 5.1 16.63 2.1 NA NA NA NA
1982 14.83 4.1 16.09 2.2 NA NA NA NA
1983 12.24 4.4 13.23 2.1 NA NA NA NA
1984 13.21 3.8 13.87 2.5 NA NA 11.49 2.5
1985 11.96 2.8 12.42 2.5 NA NA 10.04 2.5
1986 9.75 2.2 10.18 2.2 NA NA 8.42 2.3
1987 9.67 2.8 10.20 2.2 NA NA 7.82 2.2
1988 10.25 1.5 10.33 2.1 NA NA 7.90 2.3
1989 10.08 1.6 10.32 2.1 NA NA 8.80 2.3
1990 9.92 1.8 10.13 2.1 NA NA 8.36 2.1
1991 9.25 0.9 9.25 2.0 NA NA 7.10 1.9
1992 8.29 1.2 8.40 1.7 7.96 1.7 5.63 1.7
1993 7.46 0.4 7.33 1.6 6.83 1.6 4.59 1.5
1994 8.42 0.6 8.35 1.8 7.86 1.8 5.33 1.5
1995 8.28 0.5 7.95 1.8 7.49 1.8 6.07 1.5
1996 8.03 0.5 7.81 1.7 7.32 1.7 5.67 1.4
1997 7.90 0.4 7.59 1.7 7.13 1.7 5.60 1.4
1998 7.12 0.3 6.95 1.1 6.59 1.1 5.59 1.1
1999 7.53 0.5 7.44 1.0 7.06 1.0 5.98 1.0
2000 NA NA 8.05 1.0 7.72 1.0 7.04 1.0
2001 NA NA 6.97 0.9 6.50 0.9 5.82 0.9
2002 NA NA 6.54 0.6 5.98 0.6 4.62 0.7
Monthly Data
2002  
April
 NA NA
6.99
0.7
6.48
0.7
4.96
0.8
May
 NA NA
6.81
0.7
6.28
0.7
4.79
0.7
June
 NA NA
6.65
0.6
6.11
0.6
4.65
0.5
July
 NA NA
6.49
0.6
5.93
0.5
4.51
0.5
August
 NA NA
6.29
0.6
5.70
0.6
4.38
0.6
September
 NA NA
6.09
0.6
5.51
0.6
4.29
0.6
October NA NA 6.11 0.6 5.50 0.6 4.27 0.6
November NA NA 6.07 0.6 5.46 0.6 4.16 0.6
December NA NA 6.05 0.6 5.45 0.6 4.12 0.6
2003  
January NA NA 5.92 0.6 5.30 0.6 3.99 0.7
February NA NA 5.84 0.6 5.22 0.6 3.86 0.7
March NA NA 5.75 0.6 5.07 0.6 3.76 0.6
April NA NA 5.81 0.6 5.12 0.6 3.80 0.6
May NA NA 5.48 0.6 4.86 0.7 3.66 0.6
June NA NA 5.23 0.6 4.63 0.6 3.52 0.6

*Mortgage loan interest rate data on FHA-insured loans are no longer collected by the Department of Housing and Urban Development.

1 Annual data for the FHA rate are based on the most active (modal) quote and the secondary market discount (excluding origination fee) until 1994. Subsequent annual and monthly data are based on the average rate quoted and the primary market discount (excluding origination fee).

Sources: Office of Housing, Department of Housing and Urban Development (FHA), and Federal Home Loan Mortgage Corporation (Conventional)

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