Washington, D.C. – The Federal Housing Finance Agency today announced that the final September value of the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders was 6.17 percent. This is a decrease of 0.29 percent from the August value. Many lenders use this rate in adjusting some adjustable-rate mortgages. This index was the only index rate that federally chartered savings and loan associations could use as an adjustable-rate mortgage index in the early 1980s.
Interested parties can receive up-to-date information on this index value by calling (202) 408-2940. The October index value will be announced on November 25, 2008.
Announcement Date | Index Month |
Index Rate |
|---|---|---|
October 28, 2008 | September 2008 | 6.17 |
September 25, 2008 | August 2008 | 6.46 |
August 28, 2008 | July 2008 | 6.41 |
July 24, 2008 | June 2008 | 6.23 |
June 25, 2008 | May 2008 | 6.04 |
May 27, 2008 | April 2008 | 5.97 |
April 24, 2008 | March 2008 | 6.03 |
March 25, 2008 | February 2008 | 5.87 |
February 26, 2008 | January 2008 | 5.97 |
January 24, 2008 | December 2007 | 6.23 |
December 27, 2007 | November 2007 | 6.35 |
November 27, 2007 | October 2007 | 6.50 |
October 28, 2007 | September 2007 | 6.59 |
Corinne Russell / 202-649-3032, Stefanie Johnson / 202-649-3030