Monetary Policy Report submitted to the Congress on July 18, 2007, pursuant to section 2B of the Federal Reserve Act
| Period | Prime, fixed rate | Prime, variable rate | Subprime, fixed rate | Subprime, variable rate |
|---|---|---|---|---|
| Jan-01 | 0.97 | 1.62 | 6.96 | 9.43 |
| Feb-01 | 0.97 | 1.63 | 6.97 | 9.48 |
| Mar-01 | 0.94 | 1.59 | 6.84 | 9.28 |
| Apr-01 | 0.93 | 1.63 | 6.77 | 9.2 |
| May-01 | 0.92 | 1.62 | 7.24 | 9.19 |
| Jun-01 | 0.95 | 1.65 | 7.64 | 9.51 |
| Jul-01 | 0.98 | 1.68 | 7.7 | 9.67 |
| Aug-01 | 1 | 1.69 | 7.72 | 9.94 |
| Sep-01 | 1.05 | 1.76 | 8.1 | 10.19 |
| Oct-01 | 1.06 | 1.77 | 8.09 | 10.28 |
| Nov-01 | 1.09 | 1.8 | 8.29 | 10.5 |
| Dec-01 | 1.13 | 1.85 | 8.41 | 10.55 |
| Jan-02 | 1.15 | 1.9 | 8.6 | 10.63 |
| Feb-02 | 1.12 | 1.84 | 8.68 | 10.61 |
| Mar-02 | 1.06 | 1.74 | 8.45 | 9.95 |
| Apr-02 | 1.01 | 1.61 | 8.53 | 9.51 |
| May-02 | 1.03 | 1.55 | 8.39 | 9.11 |
| Jun-02 | 1.04 | 1.53 | 8.57 | 9.09 |
| Jul-02 | 1.04 | 1.47 | 8.6 | 8.94 |
| Aug-02 | 1.07 | 1.45 | 8.7 | 9.04 |
| Sep-02 | 1.11 | 1.45 | 8.9 | 9.31 |
| Oct-02 | 1.1 | 1.4 | 8.94 | 9.21 |
| Nov-02 | 1.14 | 1.4 | 9.03 | 9.23 |
| Dec-02 | 1.17 | 1.37 | 8.91 | 9.29 |
| Jan-03 | 1.15 | 1.21 | 8.33 | 9.21 |
| Feb-03 | 1.16 | 1.19 | 8.25 | 8.99 |
| Mar-03 | 1.1039 | 1.1264 | 8.1768 | 8.7014 |
| Apr-03 | 1.091 | 1.0663 | 8.0348 | 8.5105 |
| May-03 | 1.0688 | 1.0064 | 7.8855 | 8.4188 |
| Jun-03 | 1.0665 | 0.9934 | 7.4567 | 8.2111 |
| Jul-03 | 1.0882 | 0.9587 | 7.102 | 7.7622 |
| Aug-03 | 1.1068 | 0.9438 | 6.9791 | 7.7697 |
| Sep-03 | 1.1225 | 0.9276 | 6.8454 | 7.6872 |
| Oct-03 | 1.0656 | 0.8527 | 6.6819 | 7.5786 |
| Nov-03 | 1.1026 | 0.8675 | 6.7077 | 7.6049 |
| Dec-03 | 1.095 | 0.8264 | 6.6102 | 7.4249 |
| Jan-04 | 1.1121 | 0.8165 | 6.7581 | 7.3072 |
| Feb-04 | 1.0935 | 0.7909 | 6.4886 | 6.9692 |
| Mar-04 | 1.0302 | 0.727 | 6.2791 | 6.7391 |
| Apr-04 | 1.0592 | 0.7001 | 5.8977 | 6.2558 |
| May-04 | 1.0667 | 0.679 | 5.8256 | 6.2302 |
| Jun-04 | 1.058 | 0.6611 | 5.7479 | 6.1829 |
| Jul-04 | 1.0703 | 0.6477 | 5.7636 | 6.0815 |
| Aug-04 | 1.0631 | 0.6367 | 5.5887 | 6.0521 |
| Sep-04 | 1.0784 | 0.6351 | 5.6074 | 6.0276 |
| Oct-04 | 1.1 | 0.6318 | 5.6157 | 6.1017 |
| Nov-04 | 1.1181 | 0.6406 | 5.7968 | 6.1835 |
| Dec-04 | 1.1097 | 0.6316 | 5.7613 | 6.1281 |
| Jan-05 | 1.1182 | 0.6307 | 5.8478 | 6.2819 |
| Feb-05 | 1.0812 | 0.6156 | 5.6973 | 6.1234 |
| Mar-05 | 1.003 | 0.5723 | 5.4544 | 5.8135 |
| Apr-05 | 0.9624 | 0.55 | 5.2917 | 5.6146 |
| May-05 | 0.9636 | 0.528 | 5.3245 | 5.4487 |
| Jun-05 | 0.9563 | 0.5258 | 5.2633 | 5.4535 |
| Jul-05 | 0.9492 | 0.5505 | 5.3151 | 5.6031 |
| Aug-05 | 0.98 | 0.5723 | 5.3027 | 5.6999 |
| Sep-05 | 0.9935 | 0.5797 | 5.3329 | 5.9118 |
| Oct-05 | 1.0214 | 0.5925 | 5.4746 | 6.2824 |
| Nov-05 | 1.1405 | 0.6641 | 5.7865 | 6.7821 |
| Dec-05 | 1.161 | 0.6824 | 5.872 | 7.0569 |
| Jan-06 | 1.1519 | 0.696 | 5.8814 | 7.3748 |
| Feb-06 | 1.0966 | 0.684 | 5.7552 | 7.4482 |
| Mar-06 | 0.9929 | 0.6326 | 5.3851 | 7.1229 |
| Apr-06 | 0.9671 | 0.6277 | 5.3058 | 7.2875 |
| May-06 | 0.9318 | 0.6274 | 5.1295 | 7.4048 |
| Jun-06 | 0.9183 | 0.6326 | 5.1014 | 7.7246 |
| Jul-06 | 0.9256 | 0.658 | 5.1118 | 8.2072 |
| Aug-06 | 0.9168 | 0.6779 | 5.1126 | 8.5396 |
| Sep-06 | 0.9129 | 0.7127 | 5.1978 | 9.0536 |
| Oct-06 | 0.9132 | 0.7494 | 5.1575 | 9.4629 |
| Nov-06 | 0.9269 | 0.8011 | 5.2366 | 10.065 |
| Dec-06 | 0.8746 | 0.8187 | 5.3556 | 10.6816 |
| Jan-07 | 0.8688 | 0.8534 | 5.3351 | 11.0065 |
| Feb-07 | 0.8607 | 0.8908 | 5.3055 | 11.3059 |
| Mar-07 | 0.8089 | 0.892 | 5.1243 | 11.3097 |
| Apr-07 | 0.7979 | 0.9363 | 5.1495 | 11.764 |
| May-07 | ND | ND | 5.2037 | 12.322 |
|
Note: The data are monthly. Prime-mortgage data extend through April 2007, and subprime-mortgage data extend through May 2007. Delinquency rate is the percent of loans ninety days or more past due or in foreclosure. Prime mortgages include near-prime mortgages. Source: First American LoanPerformance. ND No data. |