Weekly Mortgage Market Trends

ARM Indexes:London InterBank Offered Rate (LIBOR),
1990-1999 (explanation)    (More LIBOR history)

Note: There are two widely-used 'flavors' of LIBOR. The daily version, published by the Wall Street Journal (see images to the right), is not related to the monthly version shown below. The FNMA LIBOR is widely used as a US ARM index; the daily version is not as common.

  1-Month 3-Month 6-Month 1-Year
Jan-90 8.313 8.375 8.438 8.625
Feb-90 8.375 8.375 8.438 8.688
Mar-90 8.375 8.500 8.688 8.938
Apr-90 8.563 8.750 9.000 9.375
May-90 8.313 8.375 8.500 8.750
Jun-90 8.328 8.375 8.438 8.500
Jul-90 8.063 8.047 8.047 8.109
Aug-90 8.125 8.188 8.188 8.313
Sep-90 8.297 8.375 8.422 8.500
Oct-90 7.938 8.063 8.063 8.063
Nov-90 9.125 8.516 8.375 8.188
Dec-90 7.641 7.578 7.563 7.563

        
  1-Month 3-Month 6-Month 1-Year
Jan-91 6.969 7.125 7.125 7.313
Feb-91 7.063 6.891 6.891 7.063
Mar-91 6.328 6.375 6.531 7.000
Apr-91 6.078 6.188 6.313 6.750
May-91 5.953 6.063 6.188 6.625
Jun-91 6.078 6.250 6.563 7.000
Jul-91 5.953 6.063 6.313 6.625
Aug-91 5.750 5.750 5.875 6.000
Sep-91 5.500 5.688 5.688 5.813
Oct-91 5.250 5.375 5.359 5.500
Nov-91 4.813 5.000 4.938 5.063
Dec-91 4.238 4.250 4.250 4.375

  1-Month 3-Month 6-Month 1-Year
Jan-92 4.141 4.188 4.250 4.625
Feb-92 4.250 4.250 4.375 4.750
Mar-92 4.250 4.375 4.547 5.063
Apr-92 3.969 4.078 4.266 4.703
May-92 4.016 4.078 4.250 4.750
Jun-92 3.922 3.953 4.125 4.375
Jul-92 3.391 3.453 3.625 3.750
Aug-92 3.500 3.516 3.625 3.750
Sep-92 3.188 3.281 3.313 3.375
Oct-92 3.281 3.625 3.641 3.938
Nov-92 3.172 3.891 3.891 4.141
Dec-92 3.344 3.453 3.641 4.078

  1-Month 3-Month 6-Month 1-Year
Jan-93 3.203 3.313 3.438 3.750
Feb-93 3.203 3.219 3.328 3.578
Mar-93 3.203 3.266 3.375 3.625
Apr-93 3.141 3.203 3.313 3.563
May-93 3.203 3.313 3.438 3.750
Jun-93 3.203 3.328 3.563 3.781
Jul-93 3.188 3.313 3.563 3.781
Aug-93 3.203 3.250 3.438 3.563
Sep-93 3.188 3.375 3.375 3.531
Oct-93 3.188 3.453 3.500 3.688
Nov-93 3.578 3.500 3.516 3.781
Dec-93 3.297 3.375 3.500 3.813

  1-Month 3-Month 6-Month 1-Year
Jan-94 3.141 3.250 3.391 3.703
Feb-94 3.594 3.750 4.000 4.344
Mar-94 3.703 3.938 4.250 4.750
Apr-94 3.938 4.250 4.625 5.250
May-94 4.375 4.625 5.000 5.516
Jun-94 4.563 4.875 5.250 5.828
Jul-94 4.516 4.875 5.328 5.828
Aug-94 4.875 5.000 5.328 5.813
Sep-94 5.000 5.438 5.688 6.188
Oct-94 5.078 5.688 6.000 6.563
Nov-94 6.000 6.078 6.438 7.078
Dec-94 5.984 6.500 7.000 7.750

  1-Month 3-Month 6-Month 1-Year
Jan-95 6.078 6.328 6.688 7.250
Feb-95 6.125 6.250 6.438 6.750
Mar-95 6.141 6.266 6.438 6.750
Apr-95 6.079 6.188 6.313 6.563
May-95 6.063 6.063 6.063 6.055
Jun-95 6.079 6.000 5.875 5.766
Jul-95 5.875 5.891 5.875 5.875
Aug-95 5.907 5.907 5.938 5.954
Sep-95 5.922 5.993 5.985 5.969
Oct-95 5.844 6.008 5.954 5.883
Nov-95 6.032 5.907 5.735 5.672
Dec-95 5.735 5.657 5.563 5.454

  1-Month 3-Month 6-Month 1-Year
Jan-96 5.469 5.438 5.336 5.196
Feb-96 5.352 5.313 5.289 5.274
Mar-96 5.454 5.493 5.516 5.704
Apr-96 5.454 5.485 5.422 5.829
May-96 5.446 5.516 5.641 5.977
Jun-96 5.516 5.625 5.844 6.172
Jul-96 5.493 5.704 5.922 6.243
Aug-96 5.430 5.539 5.743 6.055
Sep-96 5.438 5.649 5.750 5.985
Oct-96 5.375 5.516 5.579 5.719
Nov-96 5.391 5.524 5.547 5.696
Dec-96 5.547 5.586 5.618 5.789

  1-Month 3-Month 6-Month 1-Year
Jan-97 5.461 5.594 5.711 5.954
Feb-97 5.469 5.555 5.680 5.954
Mar-97 5.719 5.805 5.961 6.282
Apr-97 5.704 5.883 6.079 6.454
May-97 5.711 5.829 6.008 6.289
Jun-97 5.719 5.813 5.938 6.141
Jul-97 5.641 5.735 5.892 5.977
Aug-97 5.680 5.735 5.860 6.079
Sep-97 5.672 5.782 5.852 6.008
Oct-97 5.633 5.766 5.805 5.922
Nov-97 5.766 6.016 6.039 6.110
Dec-97 5.852 5.985 6.008 5.669

  1-Month 3-Month 6-Month 1-Year
Jan-98 5.704 5.758 6.039 5.774
Feb-98 5.789 5.782 5.782 5.836
Mar-98 5.719 5.758 5.797 5.914
Apr-98 5.688 5.766 5.868 6.024
May-98 5.696 5.735 5.805 5.930
Jun-98 5.748 5.785 5.871 5.940
Jul-98 5.696 5.758 5.822 5.897
Aug-98 5.727 5.713 5.692 5.648
Sep-98 5.400 5.422 5.359 5.186
Oct-98 5.277 5.351 5.131 4.865
Nov-98 5.048 5.377 5.280 5.244
Dec-98 5.118 5.172 5.172 5.213

  1-Month 3-Month 6-Month 1-Year
Jan-99 4.946 5.032 5.036 5.108
Feb-99 5.003 5.065 5.168 5.405
Mar-99 4.940 5.009 5.083 5.307
Apr-99 4.902 4.993 5.075 5.303
May-99 4.930 5.053 5.193 5.503
Jun-99 5.223 5.355 5.633 5.803
Jul-99 5.178 5.320 5.680 5.836
Aug-99 5.370 5.505 5.913 6.023
Sep-99 5.396 6.083 5.974 6.053
Oct-99 5.410 6.218 6.144 6.313
Nov-99 6.503 6.122 6.063 6.261
Dec-99 5.832 6.005 6.136 6.508

Click here for LIBOR history for 2000-present
or for 1989 (as early as it goes).
Click here for more ARM indexes.

The Fannie Mae LIBOR rates are determined from information that is available as of 11:00 a.m. (London Time) on the second to last business day of each month. Fannie Mae makes these rates available by the last business day of each month.

LIBOR is an abbreviation for "London Interbank Offered Rate," and is the interest rate offered by a specific group of London banks for U.S. dollar deposits of a stated maturity. LIBOR is used as a base index for setting rates of some adjustable rate financial instruments, including Adjustable Rate Mortgages (ARMs).

Note that while this is evidently based on the daily LIBOR released by the BBA, this is not the same index. For more on the daily LIBOR, click here.

This file not up to date? HSH's Index Update Service delivers over 55 major indexes emailed to you, including Treasuries, RNYs, daily & monthly LIBOR, COFs, and many more. Click here!
 Go to the full list of ARM Index Histories.

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