Board of Governors of the Federal Reserve System
Federal Reserve Board of Governors

Federal Reserve
BULLETIN

Current Bulletin

Accessible Versions of Figures

1. Volume of home-purchase and refinance originations and annual percentage rate, 2006-08
Month Home purchase loans Refinance loans APR
2006
January 256,759 332,722 6.2
February 281,436 347,784 6.3
March 390,793 406,356 6.4
April 353,855 349,236 6.6
May 422,892 379,168 6.7
June 461,891 355,661 6.8
July 383,506 324,892 6.7
August 418,389 365,880 6.5
September 353,345 345,947 6.4
October 334,219 403,400 6.4
November 312,429 364,487 6.2
December 306,755 396,675 6.2
2007
January 223,079 346,595 6.3
February 236,046 311,816 6.3
March 301,822 352,482 6.2
April 291,031 353,716 6.2
May 332,868 353,477 6.4
June 352,435 303,148 6.7
July 321,768 275,429 6.7
August 333,053 265,791 6.6
September 244,646 216,973 6.4
October 248,950 270,794 6.4
November 227,946 243,651 6.2
December 207,412 277,096 6.1
2008
January 155,365 258,036 5.7
February 176,639 413,263 6.1
March 206,527 384,353 6.0
April 220,260 349,383 6.0
May 247,334 255,379 6.1
June 259,289 212,782 6.4
July 254,473 166,860 6.5
August 240,375 140,686 6.5
September 223,511 139,109 6.0
October 204,911 183,325 6.4
November 150,457 117,345 6.0
December 168,046 205,852 5.2

NOTE: The data are monthly. Loans are first-lien mortgages for site-built properties and exclude business loans. Annual percentage rate (APR) is the average monthly rate for a 30-year fixed-rate mortgage from the Primary Mortgage Market Survey, as reported by the Federal Financial Institutions Examination Council, www.ffiec.gov/ratespread/newcalc.aspx.

Return to Figure

2. Spread between interest rates on 30-year and 5-year as well as 30-year and 1-year Treasury bonds, 2006-08
Date 5-year spread 1-year spread
2/14/2006 .0 - .1
2/21/2006 - .1 - .2
2/28/2006 - .1 - .2
3/7/2006 .0 - .1
3/14/2006 .0 .0
3/21/2006 .1 - .1
3/28/2006 .0 .0
4/4/2006 .1 .1
4/11/2006 .1 .1
4/18/2006 .2 .2
4/25/2006 .2 .2
5/2/2006 .2 .2
5/9/2006 .2 .2
5/16/2006 .2 .2
5/23/2006 .2 .2
5/30/2006 .2 .2
6/6/2006 .1 .0
6/13/2006 .1 - .1
6/20/2006 .1 .0
6/27/2006 .0 .0
7/11/2006 .1 - .1
7/18/2006 .1 - .1
7/25/2006 .1 - .1
8/1/2006 .2 .0
8/8/2006 .2 - .1
8/15/2006 .2 - .1
8/22/2006 .2 - .1
8/29/2006 .2 - .1
9/5/2006 .2 - .1
9/12/2006 .2 - .1
9/19/2006 .2 - .1
9/26/2006 .2 - .2
10/3/2006 .2 - .1
10/10/2006 .2 - .1
10/17/2006 .2 - .1
10/24/2006 .1 - .2
10/31/2006 .1 - .3
11/7/2006 .1 - .3
11/14/2006 .1 - .4
11/21/2006 .1 - .4
11/28/2006 .1 - .4
12/5/2006 .2 - .3
12/12/2006 .2 - .3
12/19/2006 .2 - .2
12/26/2006 .2 - .2
1/2/2007 .1 - .2
1/9/2007 .1 - .3
1/16/2007 .1 - .2
1/23/2007 .1 - .2
1/30/2007 .1 - .1
2/6/2007 .1 - .2
2/13/2007 .1 - .2
2/20/2007 .1 - .3
2/27/2007 .2 - .3
3/6/2007 .2 - .3
3/13/2007 .3 - .2
3/20/2007 .2 - .2
3/27/2007 .3 - .1
4/3/2007 .3 - .1
4/10/2007 .3 - .1
4/17/2007 .2 - .1
4/24/2007 .3 - .1
5/1/2007 .3 - .1
5/8/2007 .3 - .1
5/15/2007 .3 .0
5/22/2007 .2 .0
5/29/2007 .2 .1
6/5/2007 .1 .1
6/12/2007 .2 .3
6/19/2007 .2 .3
6/26/2007 .2 .3
7/3/2007 .2 .2
7/10/2007 .2 .2
7/17/2007 .2 .1
7/24/2007 .2 .1
7/31/2007 .3 .1
8/7/2007 .3 .1
8/14/2007 .5 .3
8/21/2007 .7 .9
8/28/2007 .6 .5
9/4/2007 .6 .5
9/11/2007 .6 .5
9/18/2007 .6 .7
9/25/2007 .6 .8
10/2/2007 .6 .7
10/9/2007 .5 .6
10/16/2007 .6 .6
10/23/2007 .6 .7
10/30/2007 .6 .7
11/6/2007 .7 .8
11/13/2007 .8 .9
11/20/2007 1.0 1.2
11/27/2007 1.0 1.1
12/4/2007 1.1 1.2
12/11/2007 1.1 1.4
12/18/2007 1.0 1.2
1/8/2008 1.2 1.3
1/15/2008 1.3 1.4
1/22/2008 1.6 1.9
1/29/2008 1.5 2.0
2/5/2008 1.7 2.3
2/12/2008 1.8 2.4
2/19/2008 1.7 2.5
2/26/2008 1.7 2.6
3/4/2008 2.0 2.8
3/11/2008 1.9 2.9
3/18/2008 1.9 2.9
3/25/2008 1.7 2.7
4/1/2008 1.8 2.8
4/8/2008 1.6 2.7
4/15/2008 1.7 2.9
4/22/2008 1.5 2.6
4/29/2008 1.4 2.6
5/6/2008 1.5 2.7
5/13/2008 1.4 2.5
5/20/2008 1.5 2.5
5/27/2008 1.4 2.5
6/3/2008 1.4 2.5
6/10/2008 1.2 2.2
6/17/2008 1.1 2.2
6/24/2008 1.1 2.1
7/1/2008 1.2 2.2
7/8/2008 1.3 2.2
7/15/2008 1.4 2.3
7/22/2008 1.2 2.3
7/29/2008 1.2 2.3
8/5/2008 1.4 2.4
8/12/2008 1.4 2.4
8/19/2008 1.4 2.4
8/26/2008 1.3 2.2
9/2/2008 1.4 2.2
9/9/2008 1.3 2.1
9/16/2008 1.4 2.4
9/23/2008 1.4 2.4
9/30/2008 1.3 2.5
10/7/2008 1.6 2.7
10/14/2008 1.3 3.0
10/21/2008 1.6 2.5
10/28/2008 1.4 2.7
11/4/2008 1.6 2.9
11/18/2008 1.9 3.1
11/25/2008 1.6 2.7
12/2/2008 1.5 2.4
12/9/2008 1.4 2.6
12/16/2008 1.5 2.4
12/23/2008 1.1 2.2
12/30/2008 1.1 2.2

NOTE: The data are weekly. Prior to mid-February 2006, the 30-year Treasury bond was not available, and the data are missing.

SOURCE: Federal Reserve Board, Statistical Release H.15, www.federalreserve.gov/releases/h15/data.htm.

Return to Figure

3. HMDA price-reporting threshold, interest rates for fixed- and adjustable-rate loans, and spreads between the threshold and such rates, 2006-08
Date APR, HMDA threshold APR, 30-year fixed APR, 5-year adjustable APR, 1-year adjustable Spread, 30-year fixed Spread, 5-year adjustable Spread, 1-year adjustable
1/2/2006 7.8 6.3 6.7 7.0 1.5 1.1 .8
1/9/2006 7.8 6.3 6.7 7.0 1.5 1.1 .7
1/16/2006 7.6 6.2 6.7 7.1 1.4 .9 .5
1/23/2006 7.6 6.2 6.7 7.1 1.4 .9 .5
1/30/2006 7.6 6.2 6.7 7.1 1.4 .9 .5
2/6/2006 7.6 6.3 6.8 7.2 1.3 .8 .4
2/13/2006 7.6 6.3 6.9 7.3 1.3 .7 .3
2/20/2006 7.6 6.3 6.9 7.3 1.3 .7 .2
2/27/2006 7.6 6.3 6.9 7.3 1.3 .7 .2
3/6/2006 7.6 6.3 6.9 7.4 1.3 .6 .2
3/13/2006 7.6 6.4 7.0 7.4 1.2 .6 .2
3/20/2006 7.8 6.4 7.0 7.4 1.3 .8 .3
3/27/2006 7.8 6.4 7.0 7.4 1.4 .8 .3
4/3/2006 7.8 6.4 7.0 7.4 1.3 .7 .3
4/10/2006 7.8 6.5 7.1 7.5 1.3 .7 .3
4/17/2006 8.1 6.6 7.1 7.5 1.6 1.0 .6
4/24/2006 8.1 6.6 7.1 7.6 1.5 1.0 .6
5/1/2006 8.1 6.6 7.2 7.6 1.5 .9 .5
5/8/2006 8.1 6.7 7.2 7.6 1.5 .9 .5
5/15/2006 8.3 6.6 7.2 7.6 1.6 1.1 .6
5/22/2006 8.3 6.7 7.2 7.6 1.6 1.1 .7
5/29/2006 8.3 6.7 7.2 7.6 1.6 1.1 .7
6/5/2006 8.3 6.7 7.2 7.7 1.6 1.0 .6
6/12/2006 8.3 6.7 7.2 7.6 1.6 1.1 .6
6/19/2006 8.1 6.7 7.3 7.7 1.5 .9 .4
6/26/2006 8.1 6.8 7.4 7.8 1.4 .8 .3
7/3/2006 8.1 6.8 7.4 7.9 1.3 .7 .2
7/10/2006 8.1 6.8 7.4 7.9 1.3 .7 .3
7/17/2006 8.1 6.8 7.4 7.8 1.3 .7 .3
7/24/2006 8.1 6.8 7.4 7.8 1.3 .7 .3
7/31/2006 8.1 6.8 7.3 7.8 1.4 .8 .3
8/7/2006 8.1 6.7 7.3 7.7 1.5 .9 .4
8/14/2006 8.1 6.6 7.2 7.7 1.5 .9 .4
8/21/2006 8.1 6.6 7.2 7.7 1.5 .8 .4
8/28/2006 8.1 6.5 7.2 7.7 1.5 .9 .4
9/4/2006 8.1 6.5 7.2 7.6 1.6 .9 .4
9/11/2006 8.1 6.5 7.2 7.6 1.5 .9 .4
9/18/2006 7.9 6.5 7.2 7.6 1.4 .8 .3
9/25/2006 7.9 6.4 7.1 7.6 1.5 .8 .3
10/2/2006 7.9 6.3 7.0 7.5 1.6 .9 .4
10/9/2006 7.9 6.3 7.0 7.5 1.6 .9 .4
10/16/2006 7.9 6.4 7.2 7.6 1.5 .8 .3
10/23/2006 7.9 6.4 7.2 7.6 1.5 .8 .3
10/30/2006 7.9 6.4 7.2 7.7 1.5 .7 .3
11/6/2006 7.9 6.3 7.1 7.6 1.6 .8 .4
11/13/2006 7.9 6.4 7.2 7.6 1.6 .8 .3
11/20/2006 7.7 6.3 7.1 7.6 1.4 .6 .1
11/27/2006 7.7 6.2 7.1 7.6 1.5 .6 .1
12/4/2006 7.7 6.2 7.1 7.6 1.5 .6 .1
12/11/2006 7.7 6.2 7.0 7.5 1.5 .7 .2
12/18/2006 7.7 6.2 7.0 7.5 1.6 .7 .2
12/25/2006 7.7 6.2 7.1 7.5 1.5 .7 .2
1/1/2007 7.7 6.2 7.1 7.6 1.5 .6 .1
1/8/2007 7.7 6.2 7.1 7.6 1.5 .6 .2
1/15/2007 7.9 6.3 7.1 7.6 1.6 .7 .3
1/22/2007 7.9 6.3 7.1 7.6 1.6 .7 .3
1/29/2007 7.9 6.3 7.2 7.6 1.6 .7 .2
2/5/2007 7.9 6.4 7.2 7.7 1.5 .7 .2
2/12/2007 7.9 6.3 7.1 7.6 1.6 .7 .2
2/19/2007 7.8 6.3 7.2 7.6 1.5 .7 .2
2/26/2007 7.8 6.3 7.1 7.6 1.5 .7 .2
3/5/2007 7.8 6.2 7.1 7.5 1.6 .8 .3
3/12/2007 7.8 6.2 7.0 7.5 1.6 .8 .3
3/19/2007 7.7 6.2 7.0 7.5 1.5 .7 .2
3/26/2007 7.7 6.2 7.0 7.5 1.5 .7 .2
4/2/2007 7.7 6.2 7.0 7.5 1.5 .7 .2
4/9/2007 7.7 6.2 7.0 7.5 1.5 .7 .2
4/16/2007 7.9 6.3 7.1 7.5 1.7 .9 .4
4/23/2007 7.9 6.2 7.0 7.5 1.7 .9 .4
4/30/2007 7.9 6.2 7.0 7.5 1.7 .9 .4
5/7/2007 7.9 6.2 7.0 7.5 1.7 .9 .4
5/14/2007 7.9 6.2 7.0 7.5 1.7 .9 .4
5/21/2007 7.9 6.3 7.0 7.5 1.6 .9 .4
5/28/2007 7.9 6.4 7.1 7.6 1.5 .8 .3
6/4/2007 7.9 6.5 7.2 7.6 1.4 .7 .3
6/11/2007 7.9 6.6 7.2 7.6 1.3 .7 .3
6/18/2007 8.3 6.8 7.2 7.6 1.5 1.0 .6
6/25/2007 8.3 6.7 7.2 7.6 1.5 1.1 .7
7/2/2007 8.3 6.7 7.2 7.6 1.6 1.1 .7
7/9/2007 8.3 6.7 7.2 7.6 1.6 1.1 .7
7/16/2007 8.2 6.8 7.2 7.6 1.4 1.0 .6
7/23/2007 8.2 6.8 7.2 7.6 1.4 1.0 .6
7/30/2007 8.2 6.7 7.2 7.6 1.5 1.0 .6
8/6/2007 8.2 6.7 7.1 7.4 1.5 1.1 .7
8/13/2007 8.2 6.6 7.1 7.4 1.6 1.1 .8
8/20/2007 8.0 6.7 7.0 7.3 1.3 1.0 .7
8/27/2007 8.0 6.6 6.7 6.8 1.4 1.3 1.2
9/3/2007 8.0 6.5 6.9 7.1 1.5 1.1 .9
9/10/2007 8.0 6.5 6.8 7.0 1.5 1.2 1.0
9/17/2007 7.7 6.4 6.7 6.8 1.4 1.1 .9
9/24/2007 7.7 6.4 6.7 6.8 1.3 1.1 .9
10/1/2007 7.7 6.5 6.6 6.8 1.3 1.1 1.0
10/8/2007 7.7 6.4 6.6 6.8 1.3 1.1 .9
10/15/2007 7.9 6.4 6.7 6.9 1.5 1.2 1.0
10/22/2007 7.9 6.4 6.7 6.9 1.5 1.2 1.0
10/29/2007 7.9 6.4 6.5 6.7 1.5 1.4 1.2
11/5/2007 7.9 6.3 6.5 6.7 1.6 1.4 1.2
11/12/2007 7.9 6.3 6.3 6.5 1.6 1.6 1.4
11/19/2007 7.5 6.3 6.3 6.4 1.3 1.3 1.2
11/26/2007 7.5 6.3 6.0 6.1 1.3 1.5 1.5
12/3/2007 7.5 6.2 6.0 6.0 1.4 1.5 1.5
12/10/2007 7.5 6.0 5.9 5.9 1.5 1.7 1.7
12/17/2007 7.7 6.2 6.0 5.9 1.5 1.7 1.7
12/24/2007 7.7 6.2 6.0 6.0 1.5 1.6 1.6
12/31/2007 7.7 6.2 6.2 6.2 1.4 1.5 1.4
1/7/2008 7.7 6.1 6.0 6.0 1.5 1.7 1.7
1/14/2008 7.7 5.9 5.8 5.8 1.8 1.9 1.8
1/21/2008 7.3 5.7 5.6 5.7 1.5 1.7 1.6
1/28/2008 7.3 5.5 5.1 5.0 1.8 2.2 2.2
2/4/2008 7.3 5.7 5.2 5.1 1.6 2.1 2.2
2/11/2008 7.3 5.7 5.0 4.9 1.6 2.3 2.4
2/18/2008 7.6 5.8 5.0 4.8 1.8 2.6 2.7
2/25/2008 7.6 6.1 5.1 4.9 1.5 2.5 2.6
3/3/2008 7.6 6.3 5.1 4.9 1.3 2.5 2.7
3/10/2008 7.6 6.1 4.8 4.6 1.5 2.7 3.0
3/17/2008 7.3 6.2 4.8 4.4 1.2 2.5 2.9
3/24/2008 7.3 5.9 4.7 4.2 1.4 2.6 3.1
3/31/2008 7.3 5.9 4.9 4.5 1.5 2.4 2.9
4/7/2008 7.3 5.9 4.9 4.5 1.4 2.5 2.9
4/14/2008 7.3 5.9 4.9 4.5 1.4 2.4 2.8
4/21/2008 7.4 5.9 4.8 4.4 1.5 2.6 3.0
4/28/2008 7.4 6.1 5.1 4.7 1.4 2.4 2.7
5/5/2008 7.4 6.1 5.1 4.8 1.3 2.3 2.7
5/12/2008 7.4 6.1 5.1 4.8 1.3 2.3 2.6
5/19/2008 7.6 6.1 5.2 4.9 1.5 2.4 2.7
5/26/2008 7.6 6.0 5.2 4.9 1.5 2.4 2.7
6/2/2008 7.6 6.1 5.3 5.0 1.4 2.3 2.5
6/9/2008 7.6 6.2 5.2 5.0 1.4 2.4 2.6
6/16/2008 7.8 6.4 5.4 5.2 1.4 2.3 2.6
6/23/2008 7.8 6.5 5.6 5.4 1.3 2.2 2.4
6/30/2008 7.8 6.5 5.6 5.3 1.3 2.2 2.5
7/7/2008 7.8 6.4 5.4 5.2 1.4 2.4 2.6
7/14/2008 7.8 6.4 5.3 5.0 1.4 2.4 2.8
7/21/2008 7.5 6.3 5.3 5.0 1.2 2.2 2.5
7/28/2008 7.5 6.7 5.6 5.1 .8 1.9 2.3
8/4/2008 7.5 6.6 5.5 5.1 .9 2.0 2.3
8/11/2008 7.5 6.6 5.4 5.1 .9 2.0 2.4
8/18/2008 7.5 6.6 5.4 5.0 .9 2.1 2.5
8/25/2008 7.5 6.5 5.3 4.9 .9 2.1 2.5
9/1/2008 7.5 6.5 5.4 5.0 1.0 2.1 2.5
9/8/2008 7.5 6.4 5.3 4.9 1.0 2.1 2.5
9/15/2008 7.1 6.0 5.3 4.9 1.1 1.8 2.2
9/22/2008 7.1 5.8 4.9 4.5 1.3 2.2 2.7
9/29/2008 7.1 6.2 5.3 4.8 1.0 1.8 2.3
10/6/2008 7.1 6.2 5.1 4.6 1.0 2.0 2.6
10/13/2008 7.1 6.0 4.8 4.2 1.1 2.4 3.0
10/20/2008 7.3 6.5 4.8 4.1 .7 2.4 3.2
10/27/2008 7.3 6.1 5.1 4.6 1.2 2.2 2.7
11/3/2008 7.3 6.5 5.1 4.4 .7 2.1 2.8
11/10/2008 7.3 6.3 4.9 4.1 1.0 2.4 3.1
11/17/2008 7.2 6.2 4.7 4.0 1.0 2.5 3.2
11/24/2008 7.2 6.1 4.6 3.9 1.1 2.6 3.3
12/1/2008 7.2 6.0 4.5 3.8 1.2 2.7 3.4
12/8/2008 7.2 5.6 4.4 3.7 1.6 2.8 3.6
12/15/2008 6.0 5.5 4.2 3.4 .4 1.7 2.5
12/22/2008 6.0 5.3 4.1 3.4 .7 1.8 2.6
12/29/2008 6.0 5.2 4.1 3.3 .8 1.9 2.7

NOTE: For explanation of Home Mortgage Disclosure Act (HMDA) price-reporting threshold, see text. The threshold and annual percentage rates (APRs) are for conventional first-lien 30-year prime loans.

SOURCE: APRs from the Freddie Mac Primary Mortgage Market Survey; see notes to figure 1.

Return to Figure

4. Higher-priced share of lending, by annual percentage rate threshold, 2006-08
Month Home purchase Refinance
HMDA PMMS + 1.75 PMMS + 2.75 PMMS + 3.75 HMDA PMMS + 1.75 PMMS + 2.75 PMMS + 3.75
2006
January 24.6 22.6 19.0 4.9 30.6 28.1 22.5 5.8
February 24.9 21.4 17.7 4.4 28.6 24.8 19.6 5.0
March 26.2 21.6 17.9 4.2 29.2 24.2 19.0 4.8
April 24.5 20.8 17.0 4.3 29.0 24.8 19.2 5.1
May 21.7 19.6 16.0 4.3 28.4 25.9 19.9 5.5
June 20.5 18.9 15.4 3.8 28.8 26.6 20.4 5.3
July 22.1 18.6 15.1 3.7 31.5 26.7 20.4 5.4
August 23.2 20.2 16.3 3.4 33.5 29.1 21.8 5.5
September 22.7 20.4 16.2 3.3 32.0 28.7 20.5 5.2
October 23.1 20.8 16.2 3.4 30.9 27.9 19.4 5.3
November 23.0 20.6 15.9 3.3 31.2 28.2 19.6 5.5
December 23.0 20.2 15.2 2.9 29.8 26.6 18.4 5.1
2007
January 21.7 19.0 14.2 2.7 26.2 23.4 16.1 4.8
February 18.4 16.0 11.8 2.4 25.3 22.4 15.3 4.6
March 15.4 13.4 8.8 2.1 23.4 21.1 14.1 4.2
April 13.2 10.9 6.0 1.8 21.9 19.2 12.5 3.8
May 11.1 10.3 5.1 1.7 21.1 20.2 12.9 3.9
June 11.3 8.5 4.3 1.7 22.0 18.0 11.6 4.2
July 10.8 8.5 4.1 1.7 22.6 19.8 12.9 4.8
August 10.5 8.2 3.8 1.8 20.5 17.6 10.9 4.1
September 11.0 8.7 3.5 1.9 18.5 16.0 8.7 3.2
October 11.8 7.5 2.9 1.6 17.5 12.8 6.8 2.7
November 9.4 6.8 2.4 1.3 14.9 12.3 6.4 2.3
December 10.2 6.7 2.1 1.3 12.9 10.1 4.9 2.0
2008
January 9.1 7.0 2.1 1.3 11.8 10.2 5.7 1.9
February 7.7 6.0 1.7 1.0 7.2 6.3 3.3 1.2
March 7.0 4.3 1.5 .8 8.0 6.1 3.3 1.2
April 6.1 3.5 1.2 .6 9.0 6.6 3.5 1.3
May 4.6 2.5 .9 .5 9.8 6.7 3.7 1.3
June 3.9 2.0 .7 .4 9.5 6.3 3.5 1.2
July 4.7 1.8 .7 .3 11.5 6.8 4.0 1.2
August 9.8 1.8 .7 .3 18.2 7.2 4.4 1.4
September 11.1 2.2 .8 .4 18.6 8.3 4.9 1.6
October 12.5 2.7 .9 .5 15.4 6.2 3.4 1.1
November 13.6 2.8 1.0 .5 18.4 7.3 4.2 1.3
December 11.9 5.1 1.6 .9 11.1 6.5 3.4 1.3

NOTE: The data are monthly. Loans are first-lien mortgages for site-built properties and exclude business loans. Annual percentage rates are for conventional 30-year fixed-rate prime mortgages.

PMMS Freddie Mac Primary Mortgage Markey Survey.

HMDA Home Mortgage Disclosure Act.

Return to Figure

5. Adjusted share of owner-occupied first-lien lending, by type of loan, 2006-08
Month Home purchase Refinance
Private1 Portfolio2 GSE3 FHA VA FSA/RFS Private1 Portfolio2 GSE3 FHA VA FSA/RFS
2006
January 41.4 27.2 23.1 5.5 2.4 .4 43.4 34.5 19.7 2.0 .4 .0
February 41.0 26.1 23.4 6.5 2.6 .4 41.5 34.6 21.1 2.3 .4 .0
March 41.6 25.9 22.8 6.6 2.6 .4 42.2 34.7 20.4 2.3 .4 .0
April 40.6 26.6 23.1 6.6 2.6 .5 43.1 34.8 19.5 2.3 .3 .0
May 39.3 26.6 24.7 6.3 2.6 .5 43.3 34.9 19.2 2.3 .3 .0
June 38.8 26.3 26.0 5.8 2.6 .4 43.5 34.9 19.3 2.1 .2 .0
July 38.4 26.7 26.2 5.7 2.6 .4 42.9 35.9 18.9 2.0 .2 .0
August 39.2 27.2 25.0 5.5 2.5 .5 42.9 36.8 18.1 2.0 .2 .0
September 39.6 27.2 24.5 5.6 2.6 .5 41.3 36.3 20.1 2.1 .2 .0
October 38.0 28.2 25.3 5.5 2.6 .5 39.9 36.5 21.1 2.1 .3 .0
November 36.5 29.2 25.9 5.5 2.6 .4 38.8 36.7 22.0 2.2 .3 .0
December 34.8 30.1 26.5 5.4 2.7 .5 37.4 36.9 22.9 2.4 .4 .0
2007
January 30.6 31.9 29.1 5.2 2.7 .6 32.8 38.9 25.7 2.2 .3 .0
February 30.3 30.5 29.9 5.8 2.9 .6 31.7 39.7 25.9 2.3 .3 .0
March 28.0 30.9 31.4 6.2 2.8 .7 30.1 40.8 26.4 2.4 .3 .0
April 24.3 31.4 34.1 6.5 2.9 .8 27.2 41.6 28.1 2.8 .4 .0
May 24.0 30.6 35.1 6.6 3.0 .8 26.4 41.2 28.8 3.2 .4 .0
June 23.6 31.0 34.9 6.7 3.1 .8 26.4 42.5 27.0 3.7 .3 .0
July 22.0 32.7 34.2 7.2 3.1 .8 23.8 46.1 25.6 4.2 .3 .0
August 20.4 35.6 32.0 8.0 3.2 .9 18.7 52.3 23.8 4.9 .3 .0
September 19.4 34.0 32.5 9.5 3.6 1.0 16.6 51.4 25.2 6.4 .4 .0
October 19.1 31.6 34.1 10.5 3.6 1.1 16.7 45.8 29.1 7.9 .6 .0
November 18.9 29.3 35.8 11.0 3.9 1.1 16.8 40.7 33.1 8.7 .7 .0
December 18.6 26.8 37.2 12.1 4.2 1.2 16.8 35.7 36.8 9.8 .9 .0
2008
January 18.0 24.1 38.0 14.1 4.5 1.4 17.0 31.1 40.9 9.9 1.0 .0
February 18.0 22.1 35.8 17.6 5.0 1.6 18.8 28.5 43.0 8.5 1.2 .0
March 17.3 20.8 34.1 20.9 5.2 1.7 15.6 32.1 40.9 10.1 1.2 .0
April 15.5 20.5 31.1 25.7 5.3 1.9 16.0 32.3 38.1 12.4 1.3 .0
May 15.1 19.8 29.0 28.5 5.5 2.0 15.4 33.8 33.9 15.5 1.3 .0
June 14.9 20.2 28.1 29.1 5.7 2.1 14.2 34.5 32.6 17.4 1.2 .0
July 14.2 19.7 26.6 31.4 5.9 2.2 13.4 35.6 28.4 21.4 1.2 .0
August 13.7 19.0 25.4 33.7 5.9 2.4 12.7 34.6 26.6 24.7 1.2 .0
September 12.7 16.4 22.4 40.5 5.6 2.4 14.2 30.4 27.3 26.6 1.4 .0
October 14.4 17.1 23.8 35.3 6.4 3.0 16.5 26.8 29.5 25.5 1.7 .0
November 13.2 17.0 23.2 36.5 6.9 3.3 13.7 29.0 26.8 28.8 1.7 .0
December 12.7 16.6 22.0 38.2 7.2 3.3 14.4 28.8 29.5 24.9 2.4 .1

NOTE: The data are monthly. Loans are for site-built properties and exclude business loans. For each year, the fourth quarter is adjusted for the government-sponsored entity (GSE), private, and portfolio loans. See text note 34 for details.

1. Private loans are conventional loans sold to a nongovenment-related or non-affiliate institution.  Return to table

2. Portfolio loans are conventional loans held by the lender or sold to an affiliate institution.  Return to table

3. GSE loans are all originations categorized as conventional and sold to Fannie Mae, Freddie Mac, Ginnie Mae, or Farmer Mac.  Return to table

FHA Federal Housing Administration-insured.

VA Department of Veterans Affairs-guaranteed.

FSA/RHS Farm Service Agency or Rural Housing Service-guaranteed.

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6. Share of LPS home-purchase lending with loan-to-value ratios greater than 80 percent, by type of loan, 2007-08
Month GSE FHA VA Other1
2006
January 47.0 17.8 7.9 27.3
February 51.0 18.1 7.5 23.3
March 56.0 18.4 7.0 18.6
April 59.8 17.3 6.6 16.2
May 60.4 17.4 6.5 15.8
June 60.4 17.4 6.3 16.0
July 59.5 18.4 6.1 15.9
August 57.5 19.1 6.1 17.3
September 58.0 20.2 6.3 15.5
October 57.6 22.6 6.6 13.2
November 56.0 23.5 7.3 13.2
December 55.1 25.5 7.1 12.2
2007
January 54.6 27.8 7.7 9.9
February 50.1 33.5 8.5 8.0
March 44.6 40.9 8.4 6.1
April 36.1 49.3 8.4 6.2
May 29.3 55.8 8.9 6.1
June 26.9 57.8 9.0 6.2
July 23.0 62.4 9.1 5.4
August 18.6 67.7 8.9 4.8
September 14.1 74.2 7.8 3.9
October 17.3 66.7 10.5 5.6
November 15.6 68.4 10.8 5.2
December 14.2 70.4 11.1 4.2

NOTE: The data are monthly. Loans are first liens. For more information about Lender Processing Services, Inc. (LPS), see text.

1. Other loans are Farm Service Agency or Rural Housing Service-guaranteed loans and conventional loans not sold to a GSE.  Return to table

FHA Federal Housing Administration-insured.

GSE Government-sponsored entity-owned.

VA Department of Veterans Affairs-guaranteed.

SOURCE: Lender Processing Services, Inc.

Return to Figure

Last update: September 1, 2010