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Below is the History of Mortgage Rates since the year Jody started in this business; 1971. 

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 Monthly Average Commitment Rate And Points On 30-Year Fixed-Rate Mortgages Since 1971

Commitment Rate: 2005 - 2004

 

2005

2004

 

Rate

Pts

Rate

Pts

January

5.71

0.7

5.71

0.7

February

5.63

0.7

5.64

0.7

March

5.93

0.7

5.45

0.7

April

5.86

0.6

5.83

0.7

May

5.72

0.6

6.27

0.7

June

5.58

0.6

6.29

0.6

July

5.7

0.5

6.06

0.6

August

5.82

0.5

5.87

0.7

September

5.77

0.6

5.75

0.7

October

 

 

5.72

0.7

November

 

 

5.73

0.6

December

 

 

5.75

0.6

 

Annual Avg.

5.71

0.7

5.84

0.7

Commitment Rate: 2003 - 1997

 

2003

2002

2001

2000

1999

1998

1997

 

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

January

5.92

0.6

7.00

0.8

7.03

0.9

8.21

1.0

6.79

0.9

6.99

1.4

7.82

1.8

February

5.84

0.6

6.89

0.7

7.05

10.

8.33

1.0

6.81

1.0

7.04

1.2

7.65

1.7

March

5.75

0.6

7.01

0.7

6.95

0.9

8.24

1.0

7.04

0.9

7.13

1.2

7.90

1.8

April

5.81

0.6

6.99

0.7

7.08

0.9

8.15

1.0

6.92

1.0

7.14

1.0

8.14

1.7

May

5.48

0.6

6.81

0.7

7.15

1.0

8.52

1.0

7.15

1.0

7.14

1.1

7.94

1.7

June

5.23

0.6

6.65

0.6

7.16

1.0

8.29

0.9

7.55

1.0

7.00

1.0

7.69

1.7

July

5.63

0.5

6.49

0.6

7.13

0.9

8.15

0.9

7.63

1.0

6.95

1.1

7.50

1.8

August

6.26

0.7

6.29

0.6

6.95

0.9

8.03

1.0

7.94

1.0

6.92

1.1

7.48

1.7

September

6.15

0.6

6.09

0.6

6.82

0.9

7.91

1.0

7.82

1.0

6.72

1.0

7.43

1.7

October

5.95

0.6

6.11

0.6

6.62

0.9

7.80

1.0

7.85

1.0

6.71

0.9

7.29

1.7

November

5.93

0.6

6.07

0.6

6.66

0.8

7.75

0.9

7.74

1.0

6.87

0.9

7.21

1.7

December

5.88

0.7

6.05

0.6

7.07

0.8

7.38

1.0

7.91

1.0

6.74

1.0

7.10

1.8

 

Annual Avg.

5.83

0.6

6.54

0.6

6.97

0.9

8.05

1.0

7.44

1.0

6.94

1.1

7.6

1.7

 

Commitment Rate: 1996 - 1990

 

1996

1995

1994

1993

1992

1991

1990

 

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

Rate

Pts

January

7.03

1.8

9.15

1.8

7.07

1.7

7.99

1.6

8.43

1.8

9.64

2.1

9.90

2.1

February

7.08

1.7

8.83

1.9

7.15

1.8

7.68

1.5

8.76

1.8

9.37

2.0

10.20

2.1

March

7.62

1.8

8.46

1.8

7.68

1.7

7.50

1.6

8.94

1.9

9.50

2.1

10.27

2.1

April

7.93

1.8

8.32

1.9

8.32

1.8

7.46

1.7

8.85

1.7

9.50

2.0

10.37

2.1

May

8.07

1.7

7.96

1.8

8.60

1.8

7.47

1.8

8.67

1.7

9.47

2.0

10.48

2.0

June

8.32

1.7

7.57

1.8

8.40

1.8

7.42

1.6

8.51

1.7

9.62

2.1

10.16

2.0

July

8.25

1.8

7.61

1.8

8.61

1.8

7.21

1.6

8.13

1.6

9.58

2.0

10.04

2.0

August

8.00

1.7

7.86

1.8

8.51

1.8

7.11

1.5

7.98

1.7

9.24

1.9

10.10

2.0

September

8.23

1.7

7.64

1.8

8.64

1.8

6.91