What was interest rates in 2006?
Average 30-year mortgage rates since 1972
| Year | Average 30-Year Rate |
|---|---|
| 2006 | 6.41% |
| 2007 | 6.34% |
| 2008 | 6.03% |
| 2009 | 5.04% |
What was the savings interest rate in 2004?
The average interest rate for money markets remained firm at 0.65 percent, showing no movement for over a month, with a range of 0.01 percent to 2.55 percent….SPECIAL OFFER.
| MMA | 0.69% |
|---|---|
| $10K MMA | 0.42% |
| 6 month CD | 0.94% |
| 1 yr CD | 1.49% |
| 5 yr CD | 1.93% |
What were interest rates in 2003?
Money Market Interest Rates and Mortgage Rates, 2003? 2006
| Type | 2003 | 2005 |
|---|---|---|
| Federal funds, effective rate | 1.13% | 3.22% |
| Prime rate charged by banks | 4.12 | 6.19 |
| Discount rate 1 | 2.12 | 4.19 |
| Eurodollar deposits, 3-month | 1.14 | 3.51 |
What were interest rates in 2009?
This made it extremely cheap for banks to borrow funds so they could keep mortgage rates low. As a result of this change, mortgage rates fell almost a full percentage point, averaging 5.04% in 2009.
What was mortgage interest rate in 2006?
The average rate on the 30-year fixed-rate mortgage was 6.79 percent for the week ending July 6, up from 6.78 percent the week before. That’s the highest level since late May 2002 when the 30-year loan rate stood at 6.81 percent. A year ago, the 30-year mortgage rate averaged 5.62 percent.
What was the savings interest rate in 2005?
4.92
Use data sources for savings rates by month from which the annual averages above are derived….Interest Rates on UK Savings Accounts since 1980.
| Year | Annual Average |
|---|---|
| 2007 | 5.55 |
| 2006 | 4.68 |
| 2005 | 4.92 |
| 2004 | 4.56 |
What was the average mortgage rate in 2003?
2003
| 2003 | 30 Year FRM | 1 Year ARM |
|---|---|---|
| January | 5.92 | 3.99 |
| February | 5.84 | 3.86 |
| March | 5.75 | 3.76 |
| April | 5.81 | 3.80 |
What were average mortgage rates in 2006?
2006
| 2006 | 30 Year FRM | 1 Year ARM |
|---|---|---|
| February | 6.25 | 5.34 |
| March | 6.32 | 5.42 |
| April | 6.51 | 5.62 |
| May | 6.60 | 5.63 |
What is the lowest 15 year mortgage rate in history?
The lowest average annual mortgage rate on 15-year fixed mortgages since 1991 was 2.66%. This occurred in both late 2012 and in April 2013. As of 2020, the average 15-year fixed mortgage rate has dropped even further to 2.61%.
What was mortgage interest rate in 2009?
2009
| 2009 | 30 Year FRM | 15 Year FRM |
|---|---|---|
| May | 4.84 | 4.51 |
| June | 5.42 | 4.90 |
| July | 5.22 | 4.69 |
| August | 5.19 | 4.61 |