Home > 2009 Mortgage Interest Rates
	Refinance	Free Calculator	Home Equity	Interest-Only

Mortgage Calculator

Loan Types

Predatory Lending

Site Map

Software

Contact

Interest Rate Averages 2009

2008 Interest Rate Trend
2007 Interest Rate Trend
2006 Interest Rate Trend
2005 Interest Rate Trend
2004 Interest Rate Trend

Updated 6-25-09

Loan Type	Average Rate	Change since last week	Points and Fees 1
30 Year Fixed	5.42% Up	0.04% (5.38%) 2	0.7
15 Year Fixed	4.87% Down	0.02% (4.89%)	0.7
5/1 ARM 3	4.99% Up	0.02% (4.97%)	0.7
1/1 ARM	4.93% Down	0.02% (4.95%)	0.7

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.

30 year Fixed-Rate Mortgage January 2009 to July 2009 2008 2007 2006 2005 2004

5.01	4.96	5.12	5.10	5.25	5.16	5.04	5.07	5.15	5.03	4.98	4.85	4.78	4.87	4.82	4.80	4.78	4.84	4.86	4.82	4.91	5.29	5.59	5.38	5.42


Jan 08	Jan 15	Jan 22	Jan 29	Fed 05	Feb 12	Feb 19	Feb 26	Mar 05	Mar 12	Mar 19	Mar 26	Apr 2	Apr 09	Apr 16	Apr 23	Apr 30	May 07	May 14	May 21	May 28	Jun 04	Jun 11	Jun 18	Jun 25	Jul 2

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