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Interest Rate Trend 2008

Current Interest Rate Trend
2007 Interest Rate Trend
2006 Interest Rate Trend
2005 Interest Rate Trend
2004 Interest Rate Trend

Using the interest rate averages of the 30-year fixed-rate conventional home mortgage as a bellwether, the following chart reflects the overall interest rate trend in 2008.

Source: Federal Reserve

30 year Fixed-Rate Mortgage January 2008 to June 2008 2007 2006 2005 2004

6.07	5.87	5.69	5.48	5.68	5.67	5.72	6.04	6.24	6.03	6.13	5.87	5.85	5.88	5.88	5.88	6.03	6.06	6.05	6.01	5.98	6.08	6.09	6.32	6.42	6.45


Jan 03	Jan 10	Jan 17	Jan 24	Jan 31	Feb 07	Feb 14	Feb 21	Feb 28	Mar 06	Mar 13	Mar 20	Mar 27	Apr 03	Apr 10	Apr 17	Apr 24	May 1	May 08	May 15	May 22	May 29	Jun 05	Jun 12	Jun 19	Jun 26

July 2008 to December 2008 Interest Rate Trend - 30 year Fixed-Rate Mortgage

6.35	6.37	6.26	6.63	6.52	6.52	6.52	6.47	6.40	6.35	5.93	5.78	6.09	6.10	5.94	6.46	6.04	6.46	6.20	6.14	6.04	5.97	5.53	5.47	5.19	5.14	5.10


Jul 03	Jul 10	Jul 17	Jul 24	Jul 31	Aug 07	Aug 14	Aug 21	Aug 28	Sep 04	Sep 11	Sep 18	Sep 25	Oct 02	Oct 09	Oct 16	Oct 23	Oct 30	Nov 06	Nov 13	Nov 20	Nov 27	Dec 04	Dec 11	Dec 18	Dec 25	Dec 31

Footnotes:

1 - See How much will a mortgage cost? for an explanation of points and fees.
2 - Green numbers represent interest rate increases
      Red numbers represent interest rate decreases
      Black numbers indicate that the interest rate is unchanged
3 - ARM stands for adjustable rate mortgage. Hybrid ARM's like the
     5/1 are more common. The "5" in 5/1 represents the number of years
     the interest rate is fixed, while the "1" lets you know how many
     times per year the rate will be adjusted after the initial fixed period.
     This combination of a fixed and adjustable rate period is why this type
     of mortgage is often referred to as "hybrid."

Source: Freddie Mac