Mortgage Rates

Canadian Mortgage Rates, Interest Rates, and Spreads (Nominal and Real Rates) Year:Quarter 5 yr Mortgage Rate (Chartered Bank Conventional Mortg) Nominal Real 5 yr Mortgage Rate (Avg. Residential Mortg.) Nominal 9.06% 9.32% 9.92% 10.08% 10.02% 11.11% 11.83% 11.98% 11.14% 10.96% 11.60% 12.00% 11.85% 11.98% 11.82% 11.48% 10.42% 10.33% 10.35% 10.34% 10.32% 10.39% 10.43% 11.24% 11.21% 11.09% 11.75% 13.85% 13.82% 14.62% 13.68% 15.16% 15.40% 17.61% 20.55% 19.04% 18.86% 19.16% 18.48% 15.05% 13.70% 13.13% 13.51% 12.83% Real 1 yr Mortgage Rate (Chartered Bank Conventional Mortg) Nominal Real Bank Rate Nominal 4.75% 5.75% 6.75% 7.25% 7.25% 8.58% 9.25% 8.92% 8.25% 8.25% 8.50% 9.00% 9.17% 9.50% 9.50% 9.00% 8.17% 7.67% 7.50% 7.50% 7.67% 8.50% 9.17% 10.58% 11.25% 11.25% 11.92% 14.00% 14.26% 12.72% 10.55% 14.03% 16.91% 18.51% 20.18% 16.12% 14.86% 15.74% 14.35% 10.89% 9.55% 9.42% 9.53% 9.71% Real 1973.1 1973.2 1973.3 1973.4 1974.1 1974.2 1974.3 1974.4 1975.1 1975.2 1975.3 1975.4 1976.1 1976.2 1976.3 1976.4 1977.1 1977.2 1977.3 1977.4 1978.1 1978.2 1978.3 1978.4 1979.1 1979.2 1979.3 1979.4 1980.1 1980.2 1980.3 1980.4 1981.1 1981.2 1981.3 1981.4 1982.1 1982.2 1982.3 1982.4 1983.1 1983.2 1983.3 1983.4 9.00% 9.33% 9.83% 10.08% 10.00% 11.17% 11.75% 12.00% 11.08% 10.92% 11.50% 12.00% 11.83% 12.00% 11.92% 11.25% 10.42% 10.25% 10.25% 10.25% 10.25% 10.25% 10.42% 11.25% 11.17% 11.17% 12.17% 14.25% 14.50% 14.25% 14.00% 15.33% 15.67% 18.08% 21.17% 18.58% 19.25% 19.58% 18.25% 15.08% 13.50% 13.08% 13.67% 12.67% 0.32% 0.12% 0.75% -0.18% -0.55% 0.45% 0.71% 2.12% 2.37% 3.58% 5.35% 5.37% 3.85% 2.48% 1.85% 1.13% 1.22% 1.44% 1.20% 2.41% 2.22% 1.78% 3.37% 4.81% 4.99% 4.75% 3.52% 4.37% 3.35% 5.56% 8.47% 6.23% 7.87% 8.05% 7.65% 5.45% 5.80% 7.21% 8.33% 8.01% 0.35% 0.06% 0.83% -0.20% -0.49% 0.50% 0.81% 2.13% 2.39% 3.56% 5.25% 5.59% 3.85% 2.56% 1.95% 1.22% 1.29% 1.58% 1.21% 2.40% 2.27% 1.71% 2.95% 4.40% 4.31% 5.11% 3.20% 4.19% 3.08% 5.09% 7.86% 6.69% 7.48% 7.63% 7.87% 5.41% 6.00% 7.26% 8.18% 8.17% 14.42% 14.00% 13.17% 14.33% 15.58% 17.92% 20.75% 18.25% 18.00% 18.50% 17.58% 13.33% 11.58% 11.00% 10.92% 10.42% 4.91% 4.50% 2.69% 3.37% 3.27% 5.40% 8.05% 5.90% 6.62% 6.96% 6.98% 3.70% 3.89% 5.12% 5.58% 5.76% -2.43% -2.46% -1.75% -3.26% -3.38% -2.22% -2.29% -0.88% -0.29% 1.08% 2.93% 3.12% 1.60% -0.10% -0.90% -1.62% -1.37% -0.31% -0.05% 1.75% 2.30% 1.87% 3.12% 4.56% 4.76% 3.22% 0.07% 3.06% 4.60% 5.99% 7.49% 3.77% 3.47% 4.20% 3.74% 1.25% 1.86% 3.54% 4.20% 5.05% 1984.1 1984.2 1984.3 1984.4 1985.1 1985.2 1985.3 1985.4 1986.1 1986.2 1986.3 1986.4 1987.1 1987.2 1987.3 1987.4 1988.1 1988.2 1988.3 1988.4 1989.1 1989.2 1989.3 1989.4 1990.1 1990.2 1990.3 1990.4 1991.1 1991.2 1991.3 1991.4 1992.1 1992.2 1992.3 1992.4 1993.1 1993.2 1993.3 1993.4 1994.1 1994.2 1994.3 1994.4 1995.1 1995.2 1995.3 1995.4 1996.1 1996.2 1996.3 1996.4 1997.1 1997.2 1997.3 1997.4 12.75% 14.17% 14.42% 13.00% 12.92% 12.17% 11.75% 11.67% 11.75% 10.83% 11.08% 11.17% 10.33% 11.17% 11.58% 11.58% 11.42% 11.25% 11.92% 12.00% 12.42% 12.25% 11.75% 11.83% 12.67% 14.25% 13.67% 12.83% 11.67% 11.25% 11.42% 10.18% 10.00% 9.93% 8.71% 9.42% 9.32% 8.95% 8.75% 8.08% 7.82% 9.92% 10.30% 10.10% 10.34% 8.96% 8.80% 8.53% 8.03% 8.50% 8.13% 7.03% 7.18% 7.33% 6.95% 6.82% 7.59% 9.54% 10.61% 9.34% 9.30% 8.19% 7.64% 7.53% 7.45% 6.90% 6.93% 6.78% 6.31% 6.51% 7.04% 7.38% 7.30% 7.29% 7.95% 7.92% 7.94% 7.32% 6.45% 6.62% 7.25% 9.64% 9.52% 7.88% 5.23% 5.04% 5.61% 6.09% 8.42% 8.56% 7.51% 7.61% 7.20% 7.16% 7.01% 6.27% 7.27% 9.92% 10.14% 10.14% 8.82% 6.27% 6.47% 6.48% 6.58% 7.05% 6.73% 5.06% 5.07% 5.72% 5.23% 5.77% 12.63% 14.10% 14.47% 13.24% 12.81% 12.35% 11.79% 11.77% 11.76% 10.86% 11.05% 11.22% 10.50% 10.90% 11.49% 11.67% 11.43% 11.25% 11.83% 11.90% 12.29% 12.31% 11.79% 11.82% 12.45% 13.97% 13.64% 12.91% 11.72% 11.25% 11.39% 10.27% 9.82% 10.08% 8.84% 9.35% 9.29% 8.88% 8.61% 8.03% 7.47% 9.57% 10.34% 9.98% 10.34% 9.10% 8.81% 8.62% 7.99% 8.48% 8.14% 7.15% 7.11% 7.41% 6.98% 6.77% 7.47% 9.48% 10.66% 9.57% 9.19% 8.37% 7.68% 7.64% 7.46% 6.93% 6.90% 6.84% 6.48% 6.24% 6.94% 7.47% 7.32% 7.29% 7.86% 7.82% 7.82% 7.38% 6.49% 6.60% 7.03% 9.36% 9.49% 7.96% 5.28% 5.04% 5.58% 6.18% 8.23% 8.71% 7.64% 7.54% 7.18% 7.09% 6.87% 6.22% 6.93% 9.57% 10.19% 10.02% 8.82% 6.41% 6.48% 6.57% 6.53% 7.03% 6.74% 5.18% 4.99% 5.80% 5.26% 5.73% 10.58% 12.33% 13.25% 11.83% 11.25% 10.17% 10.00% 9.83% 11.17% 9.92% 9.75% 9.75% 9.17% 9.67% 10.25% 10.33% 9.92% 10.42% 11.42% 11.58% 12.83% 13.08% 12.75% 12.75% 12.75% 14.25% 13.75% 12.83% 11.25% 10.25% 9.92% 8.92% 8.67% 8.17% 6.50% 8.15% 7.55% 7.25% 6.50% 6.33% 6.17% 8.28% 8.38% 8.50% 9.63% 8.50% 7.96% 7.42% 6.75% 6.50% 6.25% 5.25% 5.15% 5.38% 5.65% 5.98% 5.43% 7.71% 9.44% 8.17% 7.63% 6.19% 5.89% 5.70% 6.87% 5.98% 5.59% 5.36% 5.15% 5.01% 5.70% 6.13% 5.80% 6.46% 7.45% 7.50% 8.36% 8.15% 7.45% 7.54% 7.33% 9.64% 9.60% 7.88% 4.81% 4.04% 4.11% 4.82% 7.08% 6.80% 5.30% 6.34% 5.43% 5.46% 4.76% 4.52% 5.62% 8.28% 8.23% 8.54% 8.11% 5.80% 5.63% 5.36% 5.29% 5.05% 4.85% 3.28% 3.03% 3.77% 3.93% 4.94% 10.26% 11.47% 12.64% 10.88% 10.60% 9.64% 9.27% 9.08% 10.87% 8.85% 8.61% 8.53% 7.49% 8.46% 9.19% 8.47% 8.66% 9.21% 10.03% 10.84% 11.88% 12.44% 12.40% 12.46% 12.97% 13.91% 13.07% 12.23% 10.27% 9.21% 8.81% 7.84% 7.43% 6.42% 5.43% 7.85% 6.09% 5.16% 4.74% 4.37% 4.54% 6.43% 5.73% 6.36% 8.41% 7.59% 6.72% 6.50% 5.37% 5.00% 4.42% 3.33% 3.25% 3.25% 3.50% 4.08% 5.10% 6.84% 8.83% 7.22% 6.98% 5.66% 5.16% 4.95% 6.57% 4.91% 4.46% 4.14% 3.47% 3.81% 4.64% 4.26% 4.55% 5.25% 6.07% 6.76% 7.41% 7.51% 7.10% 7.24% 7.55% 9.29% 8.92% 7.28% 3.83% 3.01% 3.00% 3.75% 5.85% 5.05% 4.23% 6.04% 3.97% 3.37% 2.99% 2.55% 3.99% 6.43% 5.57% 6.40% 6.89% 4.90% 4.39% 4.45% 3.92% 3.55% 3.01% 1.36% 1.13% 1.64% 1.78% 3.04% 1998.1 1998.2 1998.3 1998.4 1999.1 1999.2 1999.3 1999.4 2000.1 2000.2 2000.3 2000.4 2001.1 2001.2 2001.3 2001.4 2002.1 2002.2 2002.3 2002.4 2003.1 2003.2 2003.3 2003.4 2004.1 2004.2 2004.3 2004.4 2005.1 2005.2 2005.3 2005.4 2006.1 2006.2 2006.3 2006.4 2007.1 2007.2 2007.3 2007.4 2008.1 2008.2 6.85% 6.95% 7.08% 6.83% 6.92% 7.32% 7.75% 8.25% 8.48% 8.52% 8.25% 8.15% 7.58% 7.67% 7.50% 6.87% 7.05% 7.37% 6.85% 6.80% 6.63% 6.20% 6.28% 6.45% 5.85% 6.45% 6.38% 6.25% 6.12% 5.90% 5.80% 6.15% 6.40% 6.82% 6.83% 6.60% 6.60% 7.01% 7.22% 7.46% 7.29% 6.93% 5.81% 5.95% 6.24% 5.73% 6.15% 5.71% 5.56% 5.88% 5.83% 6.07% 5.54% 5.09% 4.82% 4.09% 4.79% 5.80% 5.50% 6.01% 4.51% 3.01% 2.15% 3.43% 4.20% 4.71% 4.94% 4.24% 4.37% 3.95% 3.99% 3.99% 3.20% 3.94% 4.04% 4.26% 5.10% 5.24% 4.78% 4.81% 5.09% 5.05% 5.51% 4.58% 6.86% 6.87% 7.10% 6.79% 6.85% 7.02% 7.63% 8.05% 8.34% 8.36% 8.11% 7.98% 7.43% 7.36% 7.29% 6.63% 6.67% 6.99% 6.67% 6.45% 6.29% 6.05% 5.85% 5.95% 5.53% 5.81% 6.00% 5.84% 5.60% 5.51% 5.29% 5.52% 5.73% 6.02% 6.21% 5.96% 5.94% 6.15% 6.61% 6.72% 6.71% 6.27% 5.82% 5.87% 6.25% 5.68% 6.08% 5.41% 5.44% 5.69% 5.68% 5.91% 5.40% 4.92% 4.67% 3.78% 4.58% 5.56% 5.12% 5.64% 4.33% 2.66% 1.81% 3.28% 3.77% 4.21% 4.62% 3.60% 3.99% 3.54% 3.47% 3.60% 2.69% 3.30% 3.36% 3.46% 4.48% 4.60% 4.12% 3.95% 4.48% 4.31% 4.93% 3.92% 6.40% 6.55% 6.68% 6.37% 6.42% 6.45% 6.97% 7.35% 7.63% 8.03% 7.90% 7.83% 7.10% 6.73% 6.03% 4.70% 4.80% 5.50% 5.33% 5.03% 5.05% 5.08% 4.55% 4.68% 4.30% 4.57% 4.60% 4.90% 4.88% 4.83% 4.97% 5.55% 5.90% 6.37% 6.47% 6.37% 6.47% 6.83% 7.05% 7.27% 7.25% 6.68% 5.36% 5.55% 5.84% 5.26% 5.65% 4.84% 4.78% 4.98% 4.98% 5.59% 5.19% 4.77% 4.34% 3.15% 3.32% 3.63% 3.25% 4.14% 3.00% 1.24% 0.57% 2.31% 2.47% 2.94% 3.39% 2.35% 2.59% 2.60% 2.76% 2.92% 2.36% 3.34% 3.54% 3.81% 4.73% 5.01% 4.65% 4.64% 4.92% 4.86% 5.47% 4.33% 4.83% 5.00% 5.25% 5.33% 5.17% 4.83% 4.75% 4.92% 5.25% 5.83% 6.00% 6.00% 5.58% 4.83% 4.17% 2.67% 2.25% 2.58% 3.00% 3.00% 3.08% 3.50% 3.17% 3.00% 2.67% 2.25% 2.33% 2.75% 2.75% 2.75% 2.83% 3.33% 3.83% 4.42% 4.50% 4.50% 4.50% 4.50% 4.75% 4.67% 4.08% 3.25% 3.80% 4.00% 4.40% 4.23% 4.40% 3.23% 2.56% 2.55% 2.60% 3.39% 3.29% 2.94% 2.82% 1.25% 1.45% 1.60% 0.70% 1.23% 0.66% -0.79% -1.40% 0.73% 1.08% 1.26% 1.76% 0.04% 0.32% 0.45% 0.63% 0.84% 0.23% 1.12% 1.47% 1.86% 2.77% 3.14% 2.68% 2.31% 2.62% 2.26% 2.30% 0.90% Source: UBC Centre for Urban Economics and Real Estate calculations of Cansim and Bank of Canada data Treasury Bill Auction - Government of Canada Average Yields (6 marketable bonds, month) Average Yield (3 to 5 yr) Nominal 4.43% 5.68% 6.52% 6.59% 6.33% 8.60% 9.13% 7.43% 6.41% 7.23% 8.18% 8.60% 8.87% 8.94% 9.01% 8.45% 7.61% 7.28% 7.25% 7.39% 7.67% 8.57% 9.06% 10.47% 10.95% 10.79% 11.65% 13.67% 14.46% 11.73% 10.99% 13.96% 16.00% 17.95% 20.32% 15.70% 15.09% 15.75% 13.71% 10.53% 9.42% 9.34% 9.54% 9.65% Real Nominal 6.35% 7.09% 7.39% 7.11% 7.11% 8.85% 9.18% 7.36% 6.53% 7.46% 8.44% 8.45% 8.37% 8.44% 8.49% 8.10% 7.76% 7.84% 7.91% 8.11% 8.50% 8.84% 8.89% 9.76% 9.92% 9.63% 10.44% 11.68% 13.18% 11.05% 12.27% 12.99% 13.55% 15.62% 18.20% 15.33% 15.37% 15.29% 14.11% 11.24% 10.59% 10.26% 10.92% 10.68% Real Spread (Conventional 5 Spread yr Mortg Rate - Avg (5 yr Mortg Rate - 1 Resid. 5 yr Mortg Rate) yr Mortg Rate) -3.34% -2.45% -1.87% -4.75% -5.22% -3.24% -2.61% -1.27% -0.59% 0.52% 2.44% 2.56% 1.05% -0.49% -1.15% -1.73% -1.36% -0.24% -0.16% 1.64% 2.00% 1.41% 2.86% 4.23% 4.95% 2.23% 0.51% 2.99% 3.68% 5.43% 7.62% 3.35% 3.70% 4.21% 3.11% 0.89% 1.72% 3.47% 4.21% 4.99% -2.57% -2.20% -1.82% -4.82% -5.10% -3.00% -2.35% -1.43% -1.09% 0.02% 1.92% 2.22% 1.19% 0.07% -0.49% -1.01% -0.53% 0.03% -0.32% 0.92% 0.98% 0.25% 1.65% 2.23% 3.67% 1.54% 1.79% 2.03% 1.24% 3.10% 5.50% 2.98% 3.98% 3.76% 3.50% 1.60% 2.89% 4.39% 5.59% 6.02% -0.06% 0.01% -0.08% 0.01% -0.02% 0.06% -0.08% 0.02% -0.05% -0.05% -0.10% 0.00% -0.01% 0.02% 0.10% -0.23% 0.00% -0.08% -0.10% -0.09% -0.07% -0.14% -0.01% 0.01% -0.05% 0.08% 0.42% 0.40% 0.68% -0.37% 0.32% 0.18% 0.27% 0.48% 0.61% -0.46% 0.39% 0.42% -0.23% 0.03% -0.20% -0.05% 0.16% -0.16% 0.08% 0.25% 0.83% 1.00% 0.08% 0.17% 0.42% 0.33% 1.25% 1.08% 0.67% 1.75% 1.92% 2.08% 2.75% 2.25% 10.36% 12.06% 12.50% 10.70% 10.91% 9.90% 9.23% 8.98% 10.59% 8.87% 8.59% 8.50% 7.28% 8.62% 9.76% 8.85% 8.62% 9.33% 10.25% 10.96% 12.03% 12.00% 12.06% 12.05% 12.97% 13.61% 12.63% 11.81% 9.82% 8.97% 8.58% 7.44% 7.27% 6.28% 5.68% 7.17% 6.13% 5.30% 4.86% 4.32% 4.59% 6.86% 6.04% 6.87% 8.21% 7.33% 6.73% 5.88% 5.24% 4.93% 4.45% 3.15% 3.25% 3.39% 3.68% 4.23% 5.20% 7.43% 8.69% 7.04% 7.29% 5.93% 5.12% 4.85% 6.29% 4.93% 4.43% 4.11% 3.26% 3.96% 5.22% 4.64% 4.51% 5.37% 6.29% 6.88% 7.56% 7.07% 6.76% 6.83% 7.55% 9.00% 8.48% 6.85% 3.38% 2.77% 2.77% 3.35% 5.68% 4.91% 4.48% 5.36% 4.01% 3.51% 3.12% 2.50% 4.04% 6.86% 5.88% 6.91% 6.69% 4.63% 4.40% 3.83% 3.79% 3.49% 3.05% 1.18% 1.13% 1.78% 1.96% 3.19% 11.30% 12.78% 12.47% 11.07% 11.16% 10.49% 10.30% 9.59% 9.65% 9.07% 9.17% 8.96% 8.14% 9.34% 10.27% 9.91% 9.19% 9.60% 10.15% 10.14% 10.72% 10.07% 9.88% 10.14% 11.15% 11.81% 11.13% 10.68% 9.74% 9.55% 9.29% 8.07% 8.11% 7.81% 6.65% 7.15% 7.15% 6.78% 6.17% 5.73% 6.09% 7.99% 8.39% 8.67% 8.61% 7.51% 7.55% 6.88% 6.56% 6.88% 6.33% 5.09% 5.39% 5.60% 5.18% 5.15% 6.15% 8.16% 8.66% 7.41% 7.54% 6.51% 6.19% 5.46% 5.35% 5.14% 5.01% 4.57% 4.12% 4.69% 5.72% 5.71% 5.08% 5.64% 6.19% 6.06% 6.25% 5.13% 4.58% 4.93% 5.73% 7.19% 6.98% 5.73% 3.30% 3.35% 3.49% 3.97% 6.52% 6.44% 5.45% 5.35% 5.03% 4.99% 4.43% 3.92% 5.54% 7.99% 8.24% 8.71% 7.10% 4.81% 5.22% 4.82% 5.10% 5.43% 4.93% 3.11% 3.27% 3.99% 3.46% 4.10% 0.12% 0.07% -0.05% -0.24% 0.10% -0.18% -0.04% -0.11% -0.01% -0.03% 0.03% -0.06% -0.17% 0.27% 0.09% -0.09% -0.02% 0.00% 0.09% 0.10% 0.12% -0.06% -0.04% 0.02% 0.22% 0.28% 0.02% -0.08% -0.05% 0.00% 0.03% -0.09% 0.18% -0.15% -0.13% 0.07% 0.02% 0.07% 0.14% 0.05% 0.34% 0.35% -0.04% 0.12% 0.00% -0.14% -0.01% -0.09% 0.04% 0.02% -0.01% -0.12% 0.08% -0.08% -0.03% 0.04% 2.17% 1.83% 1.17% 1.17% 1.67% 2.00% 1.75% 1.83% 0.58% 0.92% 1.33% 1.42% 1.17% 1.50% 1.33% 1.25% 1.50% 0.83% 0.50% 0.42% -0.42% -0.83% -1.00% -0.92% -0.08% 0.00% -0.08% 0.00% 0.42% 1.00% 1.50% 1.27% 1.33% 1.76% 2.21% 1.27% 1.77% 1.70% 2.25% 1.75% 1.65% 1.63% 1.92% 1.60% 0.71% 0.46% 0.84% 1.12% 1.28% 2.00% 1.88% 1.78% 2.03% 1.95% 1.30% 0.83% 4.73% 5.00% 5.11% 4.83% 4.85% 4.72% 4.92% 5.20% 5.46% 5.86% 5.77% 5.73% 4.79% 4.37% 3.62% 2.30% 2.36% 2.87% 3.01% 2.84% 3.13% 3.25% 2.68% 2.69% 2.13% 2.12% 2.40% 2.63% 2.60% 2.55% 2.85% 3.47% 3.81% 4.24% 4.20% 4.17% 4.20% 4.41% 4.35% 4.06% 3.00% 2.83% 3.70% 4.01% 4.26% 3.72% 4.08% 3.11% 2.73% 2.83% 2.80% 3.42% 3.05% 2.67% 2.02% 0.79% 0.91% 1.23% 0.81% 1.51% 0.68% -0.95% -1.35% 0.48% 0.60% 0.94% 1.22% -0.10% 0.39% 0.33% 0.47% 0.65% 0.24% 1.26% 1.44% 1.68% 2.47% 2.81% 2.38% 2.22% 2.22% 1.65% 1.21% 0.47% 5.16% 5.29% 5.31% 4.89% 5.04% 5.25% 5.59% 6.13% 6.29% 6.16% 5.93% 5.58% 5.06% 5.34% 4.86% 4.25% 4.74% 4.78% 4.16% 4.09% 4.19% 3.73% 3.74% 3.84% 3.31% 3.79% 3.87% 3.69% 3.52% 3.30% 3.36% 3.84% 4.02% 4.39% 4.04% 3.95% 4.00% 4.43% 4.40% 4.02% 3.23% 3.21% 4.12% 4.30% 4.46% 3.78% 4.27% 3.64% 3.40% 3.76% 3.64% 3.72% 3.21% 2.52% 2.30% 1.76% 2.15% 3.18% 3.19% 3.42% 1.82% 0.30% -0.29% 0.96% 1.66% 2.09% 2.40% 1.58% 1.86% 1.39% 1.39% 1.39% 0.76% 1.62% 1.66% 1.83% 2.31% 2.59% 2.18% 2.24% 2.27% 1.61% 1.44% 0.86% -0.01% 0.08% -0.02% 0.05% 0.07% 0.30% 0.12% 0.20% 0.15% 0.16% 0.14% 0.17% 0.15% 0.31% 0.21% 0.24% 0.38% 0.37% 0.18% 0.35% 0.34% 0.15% 0.43% 0.50% 0.32% 0.64% 0.38% 0.41% 0.52% 0.39% 0.51% 0.63% 0.67% 0.80% 0.62% 0.64% 0.66% 0.86% 0.61% 0.73% 0.58% 0.66% 0.45% 0.40% 0.40% 0.47% 0.50% 0.87% 0.78% 0.90% 0.85% 0.48% 0.35% 0.32% 0.48% 0.93% 1.47% 2.17% 2.25% 1.87% 1.52% 1.77% 1.58% 1.12% 1.73% 1.77% 1.55% 1.88% 1.78% 1.35% 1.23% 1.07% 0.83% 0.60% 0.50% 0.45% 0.37% 0.23% 0.13% 0.17% 0.17% 0.19% 0.04% 0.25% Spread (5 yr Mortg Spread (1 yr Rate - 3 to 5 yr Mortgage Rate - 6 Bond Yield) month Treasury) 2.65% 2.25% 2.44% 2.98% 2.89% 2.32% 2.57% 4.64% 4.56% 3.45% 3.06% 3.55% 3.46% 3.56% 3.43% 3.15% 2.66% 2.41% 2.34% 2.14% 1.75% 1.41% 1.52% 1.49% 1.24% 1.53% 1.72% 2.57% 1.32% 3.20% 1.73% 2.34% 2.11% 2.47% 2.97% 3.25% 3.88% 4.29% 4.14% 3.85% 2.91% 2.82% 2.74% 1.99% -0.04% 2.27% 2.18% 0.38% -0.41% -0.03% 0.43% 2.55% 2.91% 2.75% 3.87% 2.81% 2.16% 1.66% 1.38% 0.77% 1.45% 1.38% 1.94% 1.93% 1.75% 1.68% 1.45% 2.08% 2.10% 1.76% 1.91% 2.21% 2.20% 1.82% 1.31% 1.67% 2.23% 1.65% 1.76% 1.86% 1.70% 2.18% 1.87% 1.69% 1.52% 2.44% 2.53% 2.15% 1.93% 1.70% 2.12% 2.12% 1.89% 2.11% 2.06% 2.26% 2.17% 2.17% 2.58% 2.35% 1.73% 1.92% 1.91% 1.43% 1.72% 1.45% 1.25% 1.66% 1.48% 1.62% 1.80% 1.95% 1.79% 1.73% 1.77% 1.67% 0.23% 0.28% 0.75% 1.13% 0.34% 0.26% 0.77% 0.85% 0.57% 1.05% 1.16% 1.25% 1.89% 1.05% 0.49% 1.49% 1.29% 1.09% 1.16% 0.62% 0.80% 1.08% 0.69% 0.70% -0.22% 0.64% 1.12% 1.03% 1.43% 1.28% 1.34% 1.47% 1.40% 1.88% 0.82% 0.98% 1.42% 1.95% 1.64% 2.02% 1.58% 1.42% 2.35% 1.63% 1.41% 1.17% 1.23% 1.53% 1.51% 1.57% 1.80% 2.10% 1.90% 2.00% 1.97% 1.76% 1.69% 1.66% 1.77% 1.95% 1.88% 2.07% 2.16% 2.12% 2.19% 2.35% 2.32% 2.57% 2.52% 2.32% 2.64% 2.61% 2.31% 2.59% 2.69% 2.71% 2.44% 2.47% 2.54% 2.61% 2.54% 2.66% 2.51% 2.56% 2.60% 2.60% 2.44% 2.31% 2.38% 2.43% 2.79% 2.65% 2.60% 2.58% 2.82% 3.44% 4.06% 3.72% 1.67% 1.55% 1.58% 1.54% 1.56% 1.74% 2.05% 2.15% 2.18% 2.17% 2.13% 2.10% 2.31% 2.37% 2.41% 2.40% 2.44% 2.63% 2.32% 2.19% 1.92% 1.83% 1.87% 2.00% 2.17% 2.45% 2.20% 2.27% 2.29% 2.28% 2.12% 2.08% 2.09% 2.13% 2.26% 2.19% 2.27% 2.42% 2.70% 3.20% 4.25% 3.86%