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Monthly Interest Rate Survey (MIRS)

The survey provides monthly information on interest rates, loan terms, and house prices by property type (all, new, previously occupied), by loan type (fixed- or adjustable-rate), and by lender type (savings associations, mortgage companies, commercial banks, and savings banks), as well as information on 15-year and 30-year fixed-rat​​e loans.  In addition, the survey provides quarterly information on conventional loans by major metropolitan area and by Federal Home Loan Bank district.

Each month, FHFA samples savings institutions, commercial banks, and mortgage loan companies, and asks them to report the terms and conditions on all single-family, fully amortized, purchase-money, nonfarm loans that they close during the last five business days of the month.  The survey excludes FHA-insured and VA-guaranteed loans, multifamily loans, mobile home loans, and loans created by refinancing another mortgage.  In most cases, the information is reported electronicall​​y in a format that is similar to that used on FHFA Form # 075, which FHFA also accepts.  FHFA tabulates the data and publishes standard data tables late in the following month. 


FHFA will release November index values Thursday, December 27, 2018.

 

Adjustable Rate Mortgage (ARM) Index



The data, tabulated and published as described above, is used to compile FHFA’s monthly adjustable-rate mortgage index entitled the “National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders.”  This index is the successor to the index previously maintained by the former Federal Home Loan Bank Board.   

Announcement Date

Index Month

Index Rate

News Release

​November 29, 2018

October 2018​

​4.75

[PAGE]

​October 25, 2018

​September 2018

​4.62

[PAGE]

​​September 27, 2018

August 2018​

​4.63

​[PAGE]

​August 28, 2018

​July 2018​

​4.60

[PAGE]

​July 26, 2018

​June 2018

​4.59

[PAGE]

​June 26, 2018

May 2018​

4.57​

[PAGE]​

​May 29, 2018

​April 2018

​4.51

[PAGE]

​April 26, 2018

March 2018​

​4.49

[PAGE]​

​March 27, 2018 

February 2018​

​4.28

[PAGE]

​February 27, 2018

​January 2018

​4.12

[PAGE]

​January 25, 2018

December 2017​

​4.08

[PAGE]

​December 28, 2017

November 2017​

4.05​

[PAGE]

​November 29, 2017

October 2017​

​3.98

[PAGE]​

​October 26, 2017

September 2017​

​4.00

[PAGE]

​September 28, 2017

August 2017​

4.05​

[PAGE]

​August 29, 2017

​July  2017

​3.99

[PAGE]

​July 27, 2017

June 2017​

4.00​

[PAGE]​

​June 29, 2017

May 2017​

​3.87

[PAGE]


   

Historical Summary Tables


The following tables present historical summary data prior to 2008 containing Rates and Terms on Conventional Single-Family Non-farm Mortgage Loans. This survey is the nation's most comprehensive source of information on conventional mortgage rates and terms.

Description Reporting Period Format

Loans Closed, By Property Type - Table 1

Monthly

10/2017 - 10/2018

[XLSX]

Loans Closed, By Loan Type - Table 2

Monthly

 10/2017 - 10/2018

[XLSX]

Loans Closed, 15- and 30- Year Fixed-Rate Mortgages - Table 4

Monthly

10/2017 - 10/2018

[XLSX]

Loans Closed, By Metropolitan Statistical Area (MSA) - Table 5

Quarterly

3Q2017 - 3Q2018

[XLSX]

Loans Closed, By FHLB District - Table 6 

Quarterly

3Q2017 - 3Q2018

[XLSX]

All Homes - Table 9

Annual

1963 - 2017

[XLS]

Newly Built Homes - Table 10

Annual

1963 - 2017

[XLS]

Previously Occupied Homes - Table 11

Annual

1963 - 2017

[XLS]

Fixed-Rate Mortgages - Table 12

Annual

1963 - 2017

[XLS]

By State - Table 15

Annual

1978 - 2017

[XLS]

By Metropolitan Statistical Area (MSA) - Table 16

Annual

1978 - 2017

[XLS]

All Homes - Table 17

Monthly

1973 - 2017

[XLS]

Newly Built Homes - Table 18

Monthly

1973 - 2017

[XLS]

Previously Occupied Homes - Table 19

Monthly

1973 - 2017

[XLS]

All Homes, Fixed-Rate Mortgages - Table 20

Monthly

1986 - 2017

[XLS]

Newly-Built Homes, Fixed-Rate Mortgages - Table 21

Monthly

1986 - 2017

[XLS]

Previously Occupied Homes, Fixed-Rate Mortgages - Table 22

Monthly

1986 - 2017

[XLS]

All Homes, Adjustable Rate Mortgages - Table 23

Monthly

1986 - 2017

[XLS]

Newly Built Homes, Adjustable Rate Mortgages - Table 24

Monthly

1986 - 2017

[XLS]

Previously Occupied Homes, Adjustable Rate Mortgages - Table 25

Monthly

1986 - 2017

[XLS]

All Homes, 15- and 30- Year Fixed-Rate Mortgages - Table 26

Monthly

1990 - 2017

[XLS]

Complete History of the Index ​​​​

© 2018 Federal Housing Finance Agency