Monthly Average Commitment Rate And Points On One-Year Adjustable-Rate Mortgages Since 1984
Source: Freddie Mac

2003 | 2002 - 2000 | 1999 - 1997 | 1996 - 1994 | 1993 - 1991 | 1990 - 1988 | 1987 - 1984

	2003
	Rate	Pts	Margin
January	3.99	0.7	2.77
February	3.86	0.7	2.77
March	3.76	0.6	2.77
April	3.80	0.6	2.77
May	3.66	0.6	2.77
June	3.52	0.6	2.76
July	3.57	0.6	2.76
August	3.79	0.7	2.76
September
October
November
December
Annual Average:

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	2002				2001				2000
	Rate	Pts	Margin		Rate	Pts	Margin		Rate	Pts	Margin
January	5.18	0.8	2.78		6.70	0.9	2.78		6.61	1.1	2.78
February	5.03	0.7	2.78		6.46	0.9	2.78		6.72	1.0	2.78
March	5.06	0.7	2.78		6.28	0.9	2.78		6.72	1.0	2.78
April	4.96	0.8	2.78		6.11	0.9	2.78		6.8	1.0	2.78
May	4.79	0.7	2.77		5.88	0.9	2.78		7.07	1.0	2.78
June	4.65	0.5	2.76		5.81	0.9	2.78		7.24	0.9	2.78
July	4.51	0.5	2.77		5.71	0.9	2.78		7.28	0.9	2.78
August	4.38	0.6	2.76		5.71	0.9	2.78		7.29	0.9	2.78
September	4.29	0.6	2.78		5.57	0.9	2.77		7.27	1.0	2.78
October	4.27	0.6	2.78		5.28	0.9	2.76		7.23	1.0	2.78
November	4.16	0.6	2.77		5.20	0.8	2.74		7.22	0.	2.78
December	4.12	0.6	2.78		5.23	0.8	2.77		7.09	0.	2.78
Annual Average:	4.62	0.7	2.77		5.82	0.9	2.77		7.04	1.0	2.78

TOP

	1999				1998				1997
	Rate	Pts	Margin		Rate	Pts	Margin		Rate	Pts	Margin
January	5.59	1.1	2.79		5.54	1.2	2.79		5.56	1.4	2.79
February	5.65	1.0	2.79		5.6	1.2	2.79		5.49	1.4	2.78
March	5.77	0.9	2.79		5.69	1.2	2.79		5.64	1.4	2.78
April	5.60	1.1	2.80		5.67	1.1	2.79		5.87	1.5	2.79
May	5.72	1.1	2.79		5.69	1.1	2.79		5.81	1.4	2.79
June	5.91	1.0	2.79		5.69	1.1	2.79		5.69	1.5	2.79
July	5.99	1.0	2.79		5.63	1.1	2.79		5.57	1.4	2.79
August	6.18	1.1	2.79		5.59	1.1	2.79		5.55	1.5	2.79
September	6.20	1.1	2.79		5.47	1.1	2.79		5.55	1.4	2.79
October	6.27	1.1	2.79		5.38	1.0	2.79		5.51	1.4	2.79
November	6.36	1.1	2.78		5.53	1.0	2.79		5.49	1.4	2.79
December	6.53	1.1	2.79		5.56	1.0	2.79		5.52	1.5	2.79
Annual Average:	5.99	1.1	2.79		5.58	1.1	2.79		5.61	1.4	2.79

TOP

	1996				1995				1994
	Rate	Pts	Margin		Rate	Pts	Margin		Rate	Pts	Margin
January	5.44	1.4	2.79		6.82	1.5	2.80		4.21	1.4	2.79
February	5.31	1.4	2.80		6.68	1.5	2.80		4.20	1.5	2.78
March	5.51	1.4	2.79		6.45	1.5	2.80		4.55	1.5	2.79
April	5.73	1.4	2.79		6.35	1.5	2.80		4.96	1.5	2.80
May	5.77	1.5	2.79		6.14	1.5	2.79		5.46	1.5	2.79
June	5.92	1.4	2.79		5.87	1.4	2.80		5.45	1.5	2.76
July	5.98	1.5	2.80		5.83	1.4	2.80		5.52	1.5	2.79
August	5.84	1.4	2.79		5.93	1.5	2.79		5.53	1.5	2.80
September	5.85	1.4	2.79		5.81	1.5	2.79		5.54	1.5	2.80
October	5.64	1.4	2.79		5.74	1.4	2.80		5.79	1.5	2.80
November	5.53	1.4	2.78		5.64	1.4	2.80		6.10	1.5	2.81
December	5.52	1.4	2.79		5.57	1.4	2.80		6.66	1.5	2.81
Annual Average:	5.67	1.4	2.79		6.06	1.5	2.80		5.36	1.5	2.79

TOP

	1993				1992				1991
	Rate	Pts	Margin		Rate	Pts	Margin		Rate	Pts	Margin
January	5.20	1.7	2.76		5.89	1.7	2.75		7.74	2.0	2.78
February	4.98	1.5	2.76		5.88	1.8	2.76		7.65	2.0	2.78
March	4.78	1.6	2.77		6.11	1.9	2.76		7.47	2.0	2.77
April	4.71	1.6	2.77		6.15	1.7	2.76		7.38	1.9	2.77
May	4.65	1.6	2.77		6.00	1.7	2.76		7.22	1.9	2.77
June	4.64	1.6	2.77		5.87	1.7	2.75		7.24	1.9	2.77
July	4.56	1.5	2.77		5.51	1.6	2.76		7.23	1.9	2.76
August	4.48	1.6	2.77		5.27	1.6	2.76		7.08	1.9	2.77
September	4.34	1.5	2.78		5.11	1.6	2.76		6.87	1.7	2.77
October	4.25	1.4	2.77		5.06	1.7	2.76		6.71	1.8	2.77
November	4.24	1.4	2.79		5.26	1.8	2.76		6.42	1.8	2.77
December	4.23	1.4	2.78		5.43	1.7	2.77		6.19	1.7	2.76
Annual Average:	4.58	1.5	2.77		5.62	1.7	2.76		7.09	1.9	2.77

TOP

	1990				1989				1988
	Rate	Pts	Margin		Rate	Pts	Margin		Rate	Pts	Margin
January	8.39	2.2	2.77		8.55	2.4	2.76		7.83	2.2	NA
February	8.46	2.2	2.77		8.65	2.4	2.77		7.61	2.2	2.74
March	8.53	2.2	2.77		9.09	2.4	2.77		7.52	2.2	2.74
April	8.55	2.2	2.78		9.40	2.4	2.77		7.58	2.2	2.75
May	8.59	2.1	2.77		9.30	2.3	2.77		7.69	2.3	2.75
June	8.49	2.1	2.78		9.03	2.3	2.78		7.85	2.3	2.75
July	8.43	2.1	2.77		8.74	2.3	2.77		7.84	2.3	2.76
August	8.35	2.1	2.77		8.65	2.3	2.76		8.01	2.3	2.74
September	8.28	2.1	2.77		8.71	2.2	2.77		8.14	2.4	2.76
October	8.20	2.1	2.77		8.62	2.3	2.77		8.12	2.4	2.75
November	8.10	2.1	2.77		8.51	2.2	2.77		8.16	2.3	2.76
December	7.93	2.0	2.77		8.39	2.3	2.77		8.40	2.4	2.76
Annual Average:	8.36	2.1	2.77		8.80	2.3	2.77		7.90	2.3	2.75

TOP

	1987			1986			1985			1984
	Rate	Pts		Rate	Pts		Rate	Pts		Rate	Pts
January	7.62	2.2		9.01	2.3		10.84	2.5		10.99	2.3
February	7.56	2.1		8.93	2.3		10.63	2.4		10.89	2.4
March	7.54	2.1		8.64	2.3		10.90	2.6		11.02	2.4
April	7.58	2.2		8.54	2.4		10.83	2.6		11.16	2.4
May	7.88	2.4		8.54	2.4		10.55	2.5		11.35	2.5
June	7.93	2.2		8.60	2.4		9.89	2.5		11.67	2.5
July	7.81	2.2		8.52	2.4		9.70	2.5		12.20	2.6
August	7.76	2.1		8.40	2.2		9.54	2.6		12.14	2.6
September	7.95	2.4		8.20	2.2		9.52	2.6		12.00	2.6
October	8.25	2.4		8.06	2.1		9.55	2.5		11.96	2.6
November	8.00	2.3		7.90	2.1		9.36	2.4		11.54	2.5
December	7.96	2.3		7.68	2.1		9.19	2.3		11.01	2.5
Annual Average:	7.83	2.2		8.43	2.3		10.05	2.5		11.51	2.5

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