<row><cell>15 Year fixed<cell>(NA)<cell>(NA)<cell>(NA)<cell>(NA)<cell>9.76<cell>8.76<cell>7.80
</table>
<list style=hang>
<item>NA=Not available
<item>1. Based on daily offering rates.
<item>2. Yields are quoted on a bank-discount basis, rather than an investment yield basis (which would give a higher figure).
<item>3. Placed directly; averages of daily offering rates quoted by finance companies.
<item>4. Based on the most representative daily offering rates of dealers. Beginning Aug. 15, 1974 closing rates were used, and from Jan. 1, 1981 rates of top-rated banks only.
<item>5. Federal Reserve Bank of New York, low and high. The discount rates for 1980 do not include the surcharge applied to frequent borrowings by large institutions. The surcharge reached 3% in 1980 and 4% in 1981. Surcharge was eliminated in Nov. 1981.
<item>6. Average based on daily closing bid yields in secondary market, bank discount basis.
<item>7. Average based on quotations for one day each month. Source: Salomon Brothers, Inc., New York, NY.
<item>8. HUD=Housing and Urban Development.
<item>9. Average based on quotations for one day each month as compiled by FHA.
<item>10. Primary market.
<item>11. Average contract rates on new commitments.
</list>
<p>Source: Except as noted, Board of Governors of the Federal Reserve System.