RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Federal Housing Finance Agency Reports Mortgage Interest Rates

Home Best Practices
July 28, 2011
Reading Time: 2 mins read

RISMEDIA, July 29, 2011— The Federal Housing Finance Agency recently reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.62 percent based on loans closed in June. This is a decrease of 0.12 percent from the previous month.

The average interest rate on conventional, 30-year, fixed-rate mortgage loans of $417,000 or less decreased 13 basis points to 4.79 percent in June. These rates are calculated from the FHFA’s Monthly Interest Rate Survey of purchase-money mortgages. These results reflect loans closed during the June 24-30 period. Typically, the interest rate is determined 30 to 45 days before the loan is closed. Thus, the reported rates depict market conditions prevailing in mid- to late-May.

The contract rate on the composite of all mortgage loans (fixed- and adjustable-rate) was 4.61 percent in June, down 14 basis points from 4.75 percent in May. The effective interest rate, which reflects the amortization of initial fees and charges, was 4.74 percent in June, down 13 basis points from 4.87 percent in May.

This report contains no data on adjustable-rate mortgages due to insufficient sample size. Initial fees and charges were 0.94 percent of the loan balance in June, up 0.09 percent from 0.85 in May. Twenty-eight percent of the purchase-money mortgage loans originated in June were “no-point” mortgages, matching the share in April and May. The average term was 28.2 years in June, up 0.3 years from 27.9 years in May. The average loan-to-price ratio in June was 76.3 percent, down 0.1 percent from 76.4 percent in May. The average loan amount was $219,100 in June, down $3,800 from $222,900 in May.

For more information, please visit www.fhfa.gov.

ShareTweetShare

Related Posts

Happening Tomorrow: RISMedia’s 37th Annual CEO & Leadership Exchange Kicks Off in D.C.
December

Happening Tomorrow: RISMedia’s 37th Annual CEO & Leadership Exchange Kicks Off in D.C.

September 2, 2025
Economy

American Outlook Divided by Generation, With 42% Saying Economy Will Worsen

September 2, 2025
Final Offer Expands Services into the Dallas-Fort Worth Metroplex
Industry News

Final Offer Expands Services into the Dallas-Fort Worth Metroplex

September 2, 2025
Weichert Raises $165,000 to Support the American Cancer Society and Breast Cancer Research
Industry News

Weichert Raises $165,000 to Support the American Cancer Society and Breast Cancer Research

September 2, 2025
LeadingRE Adds Rejig.ai to Solutions Group Program
Agents

The AI Reality: Parsing Its Plentiful Pros and Cautionary Cons

September 2, 2025
The September Issue of Real Estate Magazine Is Now Live
Agents

The September Issue of Real Estate Magazine Is Now Live

August 29, 2025
Please login to join discussion
Tip of the Day

Connect With More Leads Using REW Dialer’s Caller ID

REW Dialer’s Caller ID lets agents display their own number, helping increase answer rates. It’s the only dialer that combines automation and call tracking while allowing agents to use their personal number. Learn more.

Business Tip of the Day provided by

Recent Posts

  • Happening Tomorrow: RISMedia’s 37th Annual CEO & Leadership Exchange Kicks Off in D.C.
  • American Outlook Divided by Generation, With 42% Saying Economy Will Worsen
  • Final Offer Expands Services into the Dallas-Fort Worth Metroplex

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X