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Interest Rate Information

The interest rates shown are a composite of closing rates for conventional, 30-year, fixed rate mortgages on existing single-family homes in the North Central region as reported by the Federal Home Loan Mortgage Corporation.

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Freddie Mac (Federal Home Loan Mortgage Corporation)
Primary Mortgage Market Survey

Monthly Average Commitment Rate on 30-Year FRMs in the North Central Region

  2000 2001 2002 2003 2004 2005 2006 2007

2008

 2009
January 8.23 7.06 7.09 6.03 5.79 5.75 6.23 6.29 5.73  
February 8.36 7.08 6.89 5.93 5.63 5.66 6.35 6.25 5.99  
March 8.25 7.01 7.12 5.83 5.45 6.03 6.40 6.19 6.01  
April 8.17 7.13 7.05 5.90 5.95 5.99 6.60 6.23 5.94  
May 8.54 7.18 6.88 5.49 6.34 5.82 6.70 6.29    
June 8.33 7.17 6.73 5.32 6.38 5.68 6.78 6.69    
July 8.17 7.16 6.56 5.87 6.11 5.80 6.81 6.74    
August 8.04 7.01 6.40 6.40 5.97 5.92 6.57 6.58    
September 7.93 6.83 6.21 6.19 5.85 5.87 6.46 6.41    
October 7.83 6.66 6.21 6.0 5.82 6.14 6.40 6.41    
November 7.78 6.72 6.15 5.96 5.84 6.41 6.27 6.25    
December 7.35 7.15 6.14 5.94 5.80 6.40 6.20 6.14    
Annual Avg. 8.08 7.01 6.62 5.90 5.91 5.96 6.48 6.37    

 

  1991 1992 1993 1994 1995 1996 1997 1998 1999
January 9.64 8.52 8.10 7.13 9.18 7.08 7.89 7.06 6.85
February 9.37 8.86 7.75 7.20 8.87 7.22 7.74 7.14 6.87
March 9.50 9.06 7.55 7.79 8.49 7.75 7.99 7.23 7.08
April 9.50 8.95 7.55 8.44 8.32 7.99 8.22 7.26 6.96
May 9.47 8.72 7.54 8.66 7.99 8.15 8.05 7.21 7.20
June 9.62 8.56 7.48 8.51 7.59 8.35 7.79 7.09 7.62
July 9.58 8.21 7.27 8.67 7.60 8.30 7.56 7.03 7.68
August 9.24 8.09 7.17 8.55 7.86 8.01 7.61 6.99 7.97
September 9.01 7.99 6.98 8.71 7.66 8.31 7.56 6.79 7.84
October 8.86 8.15 6.91 8.97 7.52 7.91 7.41 6.83 7.94
November 8.71 8.36 7.22 9.20 7.41 7.64 7.31 6.94 7.74
December 8.50 8.28 7.27 9.23 7.21 7.69

7.17

 6.81 7.92
Annual Avg. 9.25 8.48 7.40 8.47 7.98 7.87 7.69 7.03 7.47


Quarterly Average Commitment Rate on 30-Year FRMs in the North Central Region

  2000 2001 2002 2003 2004 2005 2006 2007 2008

2009
1Q

8.28

  7.05 7.03 5.93 5.62 5.81 6.33 6.24 5.91  
2Q 8.35 7.16   6.89 5.57 6.22 5.83 6.69 6.40    
3Q 8.05 7.00   6.15 6.14 5.97 5.86 6.61 6.58    
4Q 7.65 6.84   6.17 5.96 5.82 6.32 6.29 6.27    
Annual Avg. 8.08 7.01   6.62 5.90 5.91 5.96 6.48 6.37    

 

 

1990

 1991 1992 1993 1994 1995 1996 1997 1998

1999
1Q 10.12 9.50 8.81 7.80 7.41 8.85 7.35 7.89 7.14

6.93
2Q 10.34 9.53 8.74 7.52 8.53 7.97 8.16 8.02

7.19

7.26
3Q 10.11 9.28 8.10 7.14 8.64 7.71 8.21 7.58

6.94

 7.83
4Q 9.95 8.69 8.26 7.14 9.13 7.38 7.76

7.30

6.86

 7.86
Annual Avg.

10.13

 9.25 8.48 7.40 8.47 7.98 7.87 7.69

7.03

 7.47

 
  1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
1Q 13.73 15.14 17.41 13.03 13.33 13.06 10.56 9.11 10.07 10.80
2Q 14.43 16.23 16.76 12.76 14.00 12.78 10.26 10.32 10.37 10.67
3Q 12.65 17.42 16.17 13.65 14.50 12.14 10.24 10.50 10.50 10.00
4Q 14.26 17.74 14.02 13.47 13.65 11.73 9.67 10.85 10.39 9.82
Annual Avg. 13.77 16.63 16.09 13.23 13.87 12.42 10.19 10.20 10.34 10.32

 

 

   
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