2.5 : Residential Construction and Housing Market




2.5.11 Yearly Average Historic Mortgage Rates
30-Year Fixed 15-Year Fixed 1-Year ARM (1)
1973 8.04 N/A N/A
1974 9.19 N/A N/A
1975 9.05 N/A N/A
1976 8.87 N/A N/A
1977 8.85 N/A N/A
1978 9.64 N/A N/A
1979 11.20 N/A N/A
1980 13.74 N/A N/A
1981 16.63 N/A N/A
1982 16.04 N/A N/A
1983 13.24 N/A N/A
1984 13.88 N/A 11.51
1985 12.43 N/A 10.05
1986 10.19 N/A 8.43
1987 10.21 N/A 7.83
1988 10.34 N/A 7.90
1989 10.32 N/A 8.80
1990 10.13 N/A 8.36
1991 9.25 N/A 7.09
1992 8.39 7.96 5.62
1993 7.31 6.83 4.58
1994 8.38 7.86 5.36
1995 7.93 7.48 6.06
1996 7.81 7.32 5.67
1997 7.60 7.13 5.61
1998 9.64 6.59 5.58
1999 7.44 7.06 5.99
2000 8.05 7.72 7.04
2001 6.97 6.50 5.82
2002 6.54 5.98 4.62
2003 5.83 5.17 3.76
2004 5.84 5.21 3.90
2005 5.87 5.42 4.49
2006 6.41 6.07 5.54
2007 6.34 6.03 5.56
2008 6.03 5.62 5.17
2009 5.04 4.57 4.70
2010 4.69 4.10 3.78
Note(s): 1) To calculate adjustable-rate mortgage (ARM) rates, Freddie Mac indexes the products to US Treasury yields and asks lenders for both the initial coupon rate as well as the margin on the ARM products.









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