The interest rate statistics were obtained from Freddie Mac's Primary Mortgage Survey(PMMS).*
Monthly average calculated on the 1st week of each month.
Yearly average calculated on the 1st week of August.
*Freddie Mac's PMMS has evolved into the foremost reliable, representative source of regional and national mortgage rate trends and is relied upon by the mortgage industry and the public in gauging market conditions and evaluating mortgage loan options. All of Freddie Mac's five regions are represented, as well as a national average. The average contract rate and average number of points is reported for each of the three loan products as well as average margin for one-year Treasury-indexed ARMs. Should you require any further information please contact the Corporate Relations Department at corprel@freddiemac.com or (703) 903-3933.
Example: For a $100,000 loan at 5%, multiply $5.37 by 100 = $537 per month.
For a $100,000 loan at 6% = $600 per month.
For a $100,000 loan at 8%, = $734 per month.
