National Contract Rate
Last Updated August 9, 1999
The National Average Contract Rate for major lenders on purchase of previously occupied homes is provided by the Federal Housing Finance Board. The graph of the Contract Rate is shown semi-annually going back to Jan. of 1987.
National Average Contract Rate
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 1999 |
6.76 |
6.80 |
6.91 |
6.94 |
6.96 |
7.14 |
|
|
|
|
|
|
| 1998 |
7.12 |
7.06 |
7.07 |
7.09 |
7.08 |
7.06 |
7.01 |
6.98 |
6.88 |
6.74 |
6.77 |
6.76 |
| 1997 |
7.55 |
7.53 |
7.61 |
7.73 |
7.75 |
7.67 |
7.52 |
7.47 |
7.46 |
7.37 |
7.34 |
7.26 |
| 1996 |
7.18 |
7.13 |
7.29 |
7.55 |
7.72 |
7.77 |
7.87 |
7.76 |
7.78 |
7.68 |
7.55 |
7.45 |
| 1995 |
7.77 |
8.00 |
8.09 |
7.99 |
7.87 |
7.62 |
7.56 |
7.60 |
7.61 |
7.53 |
7.48 |
7.22 |
| 1994 |
6.73 |
6.68 |
6.84 |
7.04 |
7.33 |
7.36 |
7.49 |
7.59 |
7.57 |
7.60 |
7.56 |
7.75 |
| 1993 |
7.49 |
7.28 |
7.17 |
7.06 |
7.08 |
7.02 |
6.95 |
6.87 |
6.75 |
6.59 |
6.60 |
6.65 |
| 1992 |
8.02 |
8.15 |
8.14 |
8.26 |
8.20 |
8.04 |
7.78 |
7.58 |
7.44 |
7.40 |
7.49 |
7.53 |
| 1991 |
9.54 |
9.49 |
9.26 |
9.24 |
9.23 |
9.12 |
9.12 |
9.10 |
8.93 |
8.78 |
8.43 |
8.25 |
| 1990 |
9.68 |
9.74 |
9.74 |
9.82 |
9.83 |
9.85 |
9.85 |
9.70 |
9.70 |
9.67 |
9.69 |
9.58 |
| 1989 |
9.31 |
9.44 |
9.62 |
9.76 |
10.13 |
10.27 |
10.10 |
9.81 |
9.82 |
9.86 |
9.80 |
9.69 |
| 1988 |
8.92 |
8.84 |
8.84 |
8.93 |
8.90 |
8.98 |
8.98 |
9.00 |
8.98 |
9.11 |
9.16 |
9.31 |
| 1987 |
9.19 |
8.98 |
8.80 |
8.79 |
8.93 |
9.02 |
9.05 |
9.05 |
8.91 |
8.86 |
8.89 |
8.86 |
|
