Washington, D.C. -- The Federal Housing Finance Board announced that the final October value of the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders was 5.64 percent.
This is an increase of 0.01 percent from the September value. Many lenders use this rate in adjusting some adjustable-rate mortgages.
This index was the only index rate that Federally chartered savings and loan associations could use as an adjustable-rate mortgage index in the early 1980s.
For many years, this index was made available by the former Federal Home Loan Bank Board, and later by the Office of Thrift Supervision.
Interested parties can receive up-to-date information on this index value by calling (202) 408-2940. The November index value will be announced on December 28, 2004.
|
Announce Date |
Index Month |
Index Rate |
| November 30, 2004 |
October 2004 |
5.64 |
| October 26, 2004 |
September 2004 |
5.63 |
| September 28, 2004 |
August 2004 |
5.77 |
| August 26, 2004 |
July 2004 |
5.88 |
| July 28, 2004 |
June 2004 |
5.96 |
| June 25, 2004 |
May 2004 |
5.73 |
| May 28, 2004 |
April 2004 |
5.37 |
| April 26, 2004 |
March 2004 |
5.43 |
| March 26, 2004 |
February 2004 |
5.69 |
| February 26, 2004 |
January 2004 |
5.63 |
| January 28, 2004 |
December 2003 |
5.74 |
| December 23, 2003 |
November 2003 |
5.79 |
| November 25, 2003 |
October 2003 |
5.78 |
