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Part C - Economic Structure and Performance
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Chapter Cj - Financial Markets and Institutions
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Table Group Cj1192-1260 - Interest Rates and Yields
Contributors
John A. James and Richard Sylla
Table Cj1257-1260 - Mortgage interest rates: 1970-1997
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Cj1257
Cj1258
Cj1259
Cj1260
Contract rate
FHA mortgages
GNMA securities
FHFB
HUD
Row
Year
Percent per annum
Percent per annum
Percent per annum
Percent per annum
1
1970
8.27
8.52
9.03
----
2
1971
7.59
7.75
7.70
7.07
3
1972
7.45
7.64
7.53
6.97
4
1973
7.78
8.30
8.19
7.65
5
1974
8.71
9.22
9.55
8.70
6
1975
8.75
9.10
9.20
8.52
7
1976
8.76
8.99
8.82
8.17
8
1977
8.80
8.95
8.68
8.04
9
1978
9.30
9.68
9.70
8.98
10
1979
10.48
11.15
10.87
10.22
11
1980
12.25
13.94
13.43
12.62
12
1981
14.16
16.52
16.31
15.30
13
1982
14.46
15.79
15.30
14.70
14
1983
12.19
13.43
13.11
12.28
15
1984
11.86
13.79
13.81
13.13
16
1985
11.11
12.28
12.23
11.61
17
1986
9.82
10.07
9.91
9.28
18
1987
8.93
10.16
10.15
9.43
19
1988
8.81
10.29
10.49
9.82
20
1989
9.75
10.21
10.24
9.71
21
1990
9.68
10.08
10.17
9.51
22
1991
9.02
9.20
9.25
8.59
23
1992
7.98
8.43
8.46
7.71
24
1993
7.03
7.37
7.46
6.65
25
1994
7.26
8.58
8.68
7.96
26
1995
7.65
8.05
8.18
7.57
27
1996
7.56
8.03
8.19
7.48
28
1997
7.57
7.76
7.89
7.26
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Support for Historical Statistics
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