,Instrument,"Conventional mortgages" ,Maturity,"Not applicable" ,Frequency,"Annual (Dec)" ,Description,"CONTRACT RATE ON 30-YEAR, FIXED-RATE CONVENTIONAL HOME MORTGAGE COMMITMENTS" ,Note,"Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC." DATE , MORTGNA 1972, 7.38 1973, 8.04 1974, 9.19 1975, 9.04 1976, 8.86 1977, 8.84 1978, 9.63 1979, 11.19 1980, 13.77 1981, 16.63 1982, 16.08 1983, 13.23 1984, 13.87 1985, 12.42 1986, 10.18 1987, 10.20 1988, 10.34 1989, 10.32 1990, 10.13 1991, 9.25 1992, 8.40 1993, 7.33 1994, 8.35 1995, 7.95 1996, 7.80 1997, 7.60 1998, 6.94 1999, 7.43 2000, 8.06 2001, 6.97 2002, 6.54 2003, 5.82 2004, 5.84 2005, 5.86