|Source: (1) Freddie Mac, (2)
HSH Associates, (3) Federal Housing Finance Board
(1) Federal Home Loan Mortgage Corporation's (Freddie Mac) Weekly Primary Mortgage Market Survey (PMMS), Monthly Average Values. National average rates on conventional, conforming, 30- and 15-year fixed and 1-Year CMT-indexed adjustable rate mortgages. Starting from January 2005, 5/1 hybrid ARM rates are available.
(2) HSH Associates, Financial Publishers' Mortgage Rate Survey, National Monthly Averages. The HSH statistics include both conforming and jumbo loans.
Each week Freddie Mac surveys 125 lenders and the mix of lender types (thrifts, commercial banks and mortgage lending companies) is roughly proportional to the level of mortgage business that each type commands nationwide.
(3) Federal Housing Finance Board's Monthly Interest Rate Survey, National Average Contract MortgageRate (the Contract Rate on the composite of all mortgage loans, fixed- and adjustable-rate, derived from the Federal Housing Finance Board's (FHFB) Monthly Interest Rate Survey (MIRS).
National monthly average rates are derived from HSH's database of 2,000 to 3,000 lenders.
To conduct this survey, the Finance Board asks a sample of mortgage lenders, representing savings associations, mortgage companies, commercial banks, and mutual savings banks, to report the terms and conditions on all single-family, fully amortized, purchase-money, nonfarm loans that they close during the last five business days of the month.
Historical Data: 1992