ARM Indexes: National Mortgage Contract Rate, 2000-2002

Source: Federal Housing Finance Board

The National Mortgage Contract Rate is also known as the "National Average Contract Mortgage Rate For the Purchase of Previously Occupied Homes By Combined Lenders" or the "National Average Mortgage Contract Interest Rate For Major Lenders on the Purchase of Previously-Occupied Single Family Homes."

Index Month Release Date Index Value
January 2000 February 25, 2000 7.79
February 2000 March 27, 2000 7.95
March 2000 April 27, 2000 8.01
April 2000 May 26, 2000 8.00
May 2000 June 27, 2000 8.08
June 2000 July 27, 2000 8.17
July 2000 August 29, 2000 8.09
August 2000 September 27, 2000 8.00
September 2000 October 26, 2000 7.89
October 2000 November 28, 2000 7.81
November 2000 December 26, 2000 7.73
December 2000 January 26, 2001 7.59
January 2001 February 27, 2001 7.25
February 2001 March 27, 2001 7.10
March 2001 April 26, 2001 7.02
April 2001 May 25, 2001 7.01
May 2001 June 26, 2001 7.08
June 2001 July 26, 2001 7.10
July 2001 August 28, 2001 7.10
August 2001 September 26, 2001 6.99
September 2001 October 26, 2001 6.86
October 2001 November 28, 2001 6.66
November 2001 December 27, 2001 6.56
December 2001 January 25, 2002 6.69
January 2002 February 27, 2002 6.81
February 2002 March 27, 2002 6.77
March 2002 April 26, 2002 6.77
April 2002 May 28, 2002 6.88
May 2002 June 26, 2002 6.74
June 2002 July 25, 2002 6.62
July 2002 August 28, 2002 6.48
August 2002 September 27, 2002 6.32
September 2002 October 25, 2002 6.23
October 2002 November 26, 2002 6.09
November 2002 December 26, 2002 6.03
December 2002 January 28, 2003 6.04
 The National Average Contract Mortgage Rate is derived from the Federal Housing Finance Board's Monthly Interest Rate Survey (MIRS). Prior to October 1989, this survey was conducted for many years by the former Federal Home Loan Bank Board (FHLBB).



The series is the average contract rate reported by a sample of mortgage lenders (savings and loan associations, savings banks, commercial banks, and mortgage companies) for loans closed during the first 5 working days of the month up through October 1991, and for the last 5 working days of the month since November 1991.

The rate is based on conventional fixed- and adjustable-rate loans on previously occupied nonfarm single-family homes. The series trails interest-rate trends both because of the processing time and the fact that the rate on a loan closed often reflects a rate commitment made two or three months earlier.

For other decades, click here. You can also find the latest value of this index in our Current Indexes table.

HSH Associates makes every reasonable effort to supply complete, accurate information, but assumes no liability for errors.

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