Table
15. Mortgage Interest Rates, Points, Effective Rates, and Average Term
to Maturity on Conventional Loans Closed: 1982Present
Period |
Fixed Rate |
Adjustable Rate |
Rate
|
Points
|
Effective
Rate |
Term
to
Maturity |
Rate
|
Points
|
Effective
Rate |
Term
to
Maturity |
Annual
Data |
1982 |
14.72
|
2.51
|
15.26
|
25.4
|
14.74
|
2.86
|
15.37
|
26.0
|
1983 |
12.51
|
2.41
|
12.98
|
25.5
|
11.88
|
2.37
|
12.33
|
26.7
|
1984 |
12.67
|
2.59
|
13.18
|
24.8
|
11.57
|
2.57
|
12.05
|
28.0
|
1985 |
11.93
|
2.56
|
12.43
|
24.1
|
10.44
|
2.47
|
10.87
|
27.7
|
1986 |
10.09
|
2.31
|
10.50
|
24.9
|
9.10
|
1.97
|
9.42
|
27.3
|
1987 |
9.52
|
2.18
|
9.90
|
25.5
|
8.20
|
1.95
|
8.51
|
28.6
|
1988 |
10.04
|
2.07
|
10.41
|
26.0
|
8.21
|
1.88
|
8.51
|
28.9
|
1989 |
10.21
|
1.92
|
10.54
|
27.0
|
9.15
|
1.79
|
9.44
|
28.9
|
1990 |
10.06
|
1.87
|
10.39
|
26.1
|
8.90
|
1.56
|
9.15
|
29.3
|
1991 |
9.38
|
1.63
|
9.66
|
25.8
|
8.03
|
1.43
|
8.26
|
28.7
|
1992 |
8.21
|
1.61
|
8.50
|
24.4
|
6.37
|
1.44
|
6.59
|
29.1
|
1993 |
7.27
|
1.21
|
7.48
|
24.7
|
5.56
|
1.20
|
5.74
|
28.8
|
1994 |
7.98
|
1.14
|
8.17
|
25.8
|
6.27
|
1.05
|
6.42
|
29.2
|
1995 |
8.01
|
1.01
|
8.18
|
26.5
|
7.00
|
0.88
|
7.13
|
29.3
|
1996 |
7.81
|
1.03
|
7.98
|
26.1
|
6.94
|
0.81
|
7.06
|
29.0
|
1997 |
7.73
|
1.01
|
7.89
|
26.9
|
6.76
|
0.87
|
6.90
|
29.4
|
1998 |
7.05
|
0.86
|
7.19
|
27.5
|
6.35
|
0.75
|
6.46
|
29.6
|
1999 |
7.32
|
0.78
|
7.44
|
27.8
|
6.45
|
0.57
|
6.53
|
29.7
|
2000 |
8.14
|
0.75
|
8.25
|
28.3
|
6.99
|
0.42
|
7.05
|
29.8
|
2001 |
7.03
|
0.56
|
7.11
|
27.3
|
6.34
|
0.33
|
6.39
|
29.8
|
Monthly
Data |
2001 |
|
January |
7.34
|
0.62
|
7.44
|
28.3
|
6.51
|
0.32
|
6.56
|
29.7
|
February |
7.13
|
0.60
|
7.23
|
27.7
|
6.65
|
0.27
|
6.69
|
29.7
|
March |
7.06
|
0.61
|
7.16
|
27.6
|
6.53
|
0.29
|
6.57
|
29.7
|
April |
7.07
|
0.56
|
7.15
|
27.2
|
6.46
|
0.32
|
6.51
|
29.8
|
May |
7.16
|
0.61
|
7.25
|
27.3
|
6.48
|
0.33
|
6.53
|
29.9
|
June |
7.19
|
0.57
|
7.28
|
27.4
|
6.37
|
0.36
|
6.42
|
29.8
|
July |
7.19
|
0.57
|
7.28
|
27.5
|
6.47
|
0.38
|
6.53
|
29.9
|
August |
7.11
|
0.55
|
7.19
|
27.5
|
6.36
|
0.35
|
6.41
|
29.7
|
September |
6.96
|
0.50
|
7.03
|
27.5
|
6.27
|
0.37
|
6.32
|
29.9
|
October |
6.74
|
0.49
|
6.82
|
27.2
|
6.05
|
0.31
|
6.10
|
29.5
|
November |
6.62
|
0.47
|
6.69
|
26.7
|
6.02
|
0.25
|
6.06
|
29.6
|
December |
6.79
|
0.54
|
6.88
|
26.1
|
6.02
|
0.35
|
6.08
|
29.8
|
2002 |
|
|
|
|
|
|
|
|
January |
6.95
|
0.54
|
7.04
|
26.4
|
6.01
|
0.38
|
6.07
|
29.7
|
February |
6.94
|
0.53
|
7.02
|
26.6
|
5.95
|
0.35
|
6.00
|
29.8
|
March |
6.95
|
0.48
|
7.02
|
26.9
|
5.92
|
0.33
|
5.97
|
29.6
|
Source: Federal Housing Finance Board
http://www.fhfb.gov/MIRS/MIRS_downloads.htm
|