Mortgage Rates, Terms and Financing

National Average Fixed-Rate Mortgage Contract Rates

Data for the average fixed-rate mortgage contract rates broken down by new homes, used homes and all homes. Data from 1983-2009, listed by month with yearly averages.

2007-2009 Data

Combined 1983-2005 Data

2001-2006 Data

1995-2000 Data

1989-1994 Data

1983-1988 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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Housing Pulse