Freddie Mac Survey of
Commitment Rate And Points, Monthly Average
30-Year Fixed-Rate Mortgages Since 1971
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  2003 2002 2001 2000
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
January 5.92 0.6 7.00 0.8 7.03 0.9 8.21 1.0
February 5.84 0.6 6.89 0.7 7.05 1.0 8.33 1.0
March 5.75 0.6 7.01 0.7 6.95 0.9 8.24 1.0
April 5.81 0.6 6.99 0.7 7.08 0.9 8.15 1.0
May 5.48 0.6 6.81 0.7 7.15 1.0 8.52 1.0
June 5.26 0.6 6.65 0.6 7.16 1.0 8.29 0.9
July 5.63 0.5 6.49 0.6 7.13 0.9 8.15 0.9
August 6.26 0.7 6.29 0.6 6.95 0.9 8.03 1.0
September 6.15 0.6 6.09 0.6 6.82 0.9 7.91 1.0
October 5.95 0.6 6.11 0.6 6.62 0.9 7.80 1.0
November 5.93 0.6 6.07 0.6 6.66 0.8 7.75 0.9
December 5.88 0.7 6.05 0.6 7.07 0.8 7.38 1.0
Annual Average 6.54 0.6 6.97 0.9 8.05 1.0

  2000 1999 1998 1997 1996
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
January 8.21 1.0 6.79 0.9 6.99 1.4 7.82 1.8 7.03 1.8
February 8.33 1.0 6.81 1.0 7.04 1.2 7.65 1.7 7.08 1.7
March 8.24 1.0 7.04 0.9 7.13 1.2 7.90 1.8 7.62 1.8
April 8.15 1.0 6.92 1.0 7.14 1.0 8.14 1.7 7.93 1.8
May 8.52 1.0 7.15 1.0 7.14 1.1 7.94 1.7 8.07 1.7
June 8.29 0.9 7.55 1.0 7.00 1.0 7.69 1.7 8.32 1.7
July 8.15 0.9 7.63 1.0 6.95 1.1 7.50 1.8 8.25 1.8
August 8.03 1.0 7.94 1.0 6.92 1.1 7.48 1.7 8.00 1.7
September 7.91 1.0 7.82 1.0 6.72 1.0 7.43 1.7 8.23 1.7
October 7.80 1.0 7.85 1.0 6.71 0.9 7.29 1.7 7.92 1.7
November 7.75 0.9 7.74 1.0 6.87 0.9 7.21 1.7 7.62 1.8
December 7.38 1.0 7.91 1.0 6.74 1.0 7.10 1.8 7.60 1.7
Annual Average 8.05 1.0 7.44 1.0 6.94 1.1 7.60 1.7 7.81 1.7

  1995 1994 1993 1992 1991
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
January 9.15 1.8 7.07 1.7 7.99 1.6 8.43 1.8 9.64 1.8
February 8.83 1.9 7.15 1.8 7.68 1.5 8.76 1.8 9.37 1.7
March 8.46 1.8 7.68 1.7 7.50 1.6 8.94 1.9 9.50 1.8
April 8.32 1.9 8.32 1.8 7.46 1.7 8.85 1.7 9.50 1.8
May 7.96 1.8 8.60 1.8 7.47 1.8 8.67 1.7 9.47 1.7
June 7.57 1.8 8.40 1.8 7.42 1.6 8.51 1.7 9.62 1.7
July 7.61 1.8 8.61 1.8 7.21 1.6 8.13 1.6 9.58 1.8
August 7.86 1.8 8.51 1.8 7.11 1.5 7.98 1.7 9.24 1.7
September 7.64 1.8 8.64 1.8 6.91 1.5 7.92 1.7 9.01 1.7
October 7.48 1.9 8.93 1.8 6.83 1.5 8.09 1.8 8.86 1.7
November 7.38 1.8 9.17 1.8 7.16 1.6 8.31 1.9 8.71 1.8
December 7.20 1.8 9.20 1.8 7.17 1.7 8.21 1.6 8.50 1.7
Annual Average 7.93 1.8 8.38 1.8 7.31 1.6 8.39 1.7 9.25 1.7

  1990 1989 1988 1987 1986
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
January 9.90 2.1 10.73 2.1 10.38 2.0 9.20 2.2 10.89 2.3
February 10.20 2.1 10.65 2.2 9.89 2.1 9.08 2.1 10.71 2.3
March 10.27 2.1 11.03 2.2 9.93 2.0 9.04 2.1 10.08 2.3
April 10.37 2.1 11.05 2.2 10.20 2.1 9.83 2.3 9.94 2.2
May 10.48 2.0 10.77 2.1 10.46 2.1 10.60 2.3 10.15 2.3
June 10.16 2.0 10.20 2.1 10.46 2.0 10.54 2.2 10.69 2.3
July 10.04 2.0 9.88 2.1 10.43 2.0 10.28 2.2 10.51 2.2
August 10.10 2.0 9.99 2.1 10.60 2.2 10.33 2.1 10.20 2.1
September 10.18 2.1 10.13 2.0 10.48 2.1 10.89 2.2 10.01 2.2
October 10.17 2.2 9.95 2.0 10.30 1.9 11.26 2.2 9.98 2.1
November 10.01 2.1 9.77 2.0 10.27 2.1 10.65 2.1 9.70 2.0
December 9.67 1.9 9.74 2.0 10.61 2.1 10.64 2.1 9.32 2.1
Annual Average 10.13 2.1 10.32 2.1 10.34 2.1 10.21 2.2 10.19 2.2

  1985 1984 1983 1982 1981
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
January 13.08 2.5 13.37 2.3 13.25 2.2 17.48 2.2 14.90 2.3
February 12.92 2.4 13.23 2.4 13.04 2.0 17.60 2.2 15.13 2.3
March 13.17 2.6 13.39 2.4 12.80 2.2 17.16 2.2 15.40 2.3
April 13.20 2.6 13.65 2.4 12.78 2.1 16.89 2.3 15.58 2.2
May 12.91 2.5 13.94 2.5 12.63 2.1 16.68 2.3 16.40 2.3
June 12.22 2.5 14.42 2.5 12.87 2.1 16.70 2.2 16.70 2.3
July 12.03 2.5 14.67 2.6 13.43 2.2 16.82 2.2 16.83 2.2
August 12.19 2.6 14.47 2.6 13.81 2.2 16.27 2.3 17.28 2.1
September 12.19 2.6 14.35 2.6 13.73 2.2 15.43 2.3 18.16 2.2
October 12.14 2.5 14.13 2.6 13.54 2.1 14.61 2.2 18.45 2.1
November 11.78 2.4 13.64 2.5 13.44 2.1 13.82 2.2 17.82 2.0
December 11.20 2.3 13.18 2.5 13.42 2.2 13.62 2.2 16.95 2.1
Annual Average 12.43 2.5 13.88 2.5 13.24 2.1 16.04 2.2 16.63 2.2

  1980 1979 1978 1977 1976
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
 Pts
January 12.88 1.6 10.39 1.5 9.01 1.3 8.72 1.1 9.02 1.1
February 13.04 1.6 10.41 1.5 9.14 1.3 8.67 1.1 8.81 1.0
March 15.28 2.0 10.43 1.5 9.20 1.3 8.69 1.2 8.76 1.3
April 16.32 1.9 10.50 1.5 9.35 1.3 8.75 1.1 8.73 1.3
May 14.26 1.9 10.69 1.6 9.57 1.3 8.83 1.1 8.76 1.3
June 12.71 1.8 11.04 1.6 9.71 1.4 8.86 1.1 8.85 1.3
July 12.19 1.8 11.09 1.7 9.74 1.4 8.94 1.1 8.93 1.2
August 12.56 1.7 11.09 1.7 9.78 1.3 8.94 1.1 9.00 1.2
September 13.20 1.7 11.30 1.6 9.76 1.3 8.90 1.1 8.98 1.2
October 13.79 1.7 11.64 1.7 9.86 1.2 8.92 1.2 8.92 1.2
November 14.21 1.7 12.83 1.7 10.11 1.2 8.92 1.1 8.81 1.3
December 14.79 1.7 12.90 1.6 10.35 1.4 8.96 1.2 8.79 1.2
Annual Average 13.74 1.8 11.20 1.6 9.64 1.3 8.85 1.1 8.87 1.2

  1975 1974 1973   1972 1971
  Rate
 Pts
 Rate
 Pts
 Rate
 Pts
 Rate
   Pts
 Rate
 Pts
January 9.43 1.2 8.54 1.0 7.44 0.9 7.44 1.0 na na
February 9.10 1.2 8.46 1.0 7.44 1.0 7.32 0.9 na na
March 8.89 1.1 8.41 1.0 7.46 0.9 7.29 0.9 na na
April 8.82 1.0 8.58 1.0 7.54 0.9 7.29 0.9 7.31 na
May 8.91 1.1 8.97 1.1 7.65 0.9 7.37 0.9 7.43 na
June 8.89 1.0 9.09 1.2 7.73 0.9 7.37 0.9 7.53 na
July 8.89 1.1 9.28 1.3 8.05 1.0 7.40 0.9 7.60 na
August 8.94 1.1 9.59 1.3 8.50 1.0 7.40 0.9 7.70 na
September 9.12 1.1 9.96 1.4 8.82 1.1 7.42 1.0 7.69 na
October 9.22 1.1 9.98 1.5 8.77 1.1 7.42 1.0 7.63 na
November 9.15 1.1 9.79 1.4 8.58 1.0 7.43 1.0 7.55 na
December 9.10 1.1 9.62 1.3 8.54 1.0 7.44 1.0 7.48 na
Annual Average 9.05 1.1 9.19 1.2 8.04 1.0 7.38 0.9 na na

Source: Freddie Mac