Average Rates for Residential Mortgages

Average rates for residential mortgages as of July 24, 1992.

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Survey Conventional Mortgages Adjustable Mortgages Area 15 Year 30 Year Composite 1 Year Composite National 7.67% 8.19% 7.94% 5.33% 5.68% California 7.74 8.24 8.00 5.29 5.37 Connecticut 7.65 8.15 7.93 5.27 5.46 Wash. D.C. 7.60 8.13 7.89 5.10 5.59 Florida 7.70 8.21 7.97 5.48 5.76 Mass. 7.57 8.13 7.86 5.22 5.66 New Jersey 7.63 8.14 7.89 5.35 5.90 N.Y. Metro 7.69 8.20 7.96 5.43 5.90 New York 7.77 8.27 8.03 5.53 6.01 N.Y. Co-ops 7.89 8.28 8.17 6.01 6.61 Pa. 7.52 8.04 7.78 5.11 5.42 Texas 7.63 8.17 7.90 5.32 5.43

SOURCE: HSH Associates, Butler, N.J.