NOMINAL First Mortgage Rate DataNOMINAL Second Mortgage Rate DataREAL Gains and Losses for Various AssetsNEW ESTIMATE (1998 Survey of Consumer Finances)Mortgage Weight2nd Mort WeightS&P 500 Nasdaq Corp AAA CD - 6 mo. Treasury S&P 500 Nasdaq Corp AAA CD - 6 mo. TreasuryNominal interest rateRate Percent Mortgage BinRate Percent 2nd Mort BinYear Mut Fund Stocks Bonds CDs Sav Bonds Mut Fund Stocks Bonds CDsSav BondsFinance MethodMin Max Mean0.0% 0.3% 0.0 0 to 10.0% 1.8% 0.0 0 to 11999 13% 60% 5% 3% 3%13% 1 60% 1 5% 1 3% 1 3% 1NOMINAL New home0.0% 20.0% 7.9%1.0% 0.0% 1.0 1 to 21.0% 0.0% 1.0 1 to 21998 24% 34% 5% 4% 3%24% 1 34% 1 5% 1 4% 1 3% 1NOMINAL 2nd mortgage0.0% 22.0% 10.3%2.6% 0.1% 2.6 2 to 32.5% 1.7% 2.5 2 to 31997 21% 12% 5% 3% 3%21% 1 12% 1 5% 1 3% 1 3% 1NOMINAL Credit card0.0% 39.0% 13.5%3.0% 0.2% 3.0 3 to 43.6% 0.7% 3.6 3 to 41996 14% 19% 4% 3% 2%14% 1 19% 1 4% 1 3% 1 2% 14.4% 0.3% 4.4 4 to 54.0% 0.0% 4.0 4 to 51995 28% 36% 5% 3% 3%28% 1 36% 1 5% 1 3% 1 3% 128%TAX5.5% 0.9% 5.5 5 to 65.0% 0.0% 5.0 5 to 61994 -7% -9% 5% 2% 2%-7% 1 -9% 1 5% 1 2% 1 2% 11.56%1998 INFLATION6.6% 13.9% 6.6 6 to 76.5% 3.7% 6.5 6 to 71993 3% 9% 4% 0% 0%3% 1 9% 1 4% 1 0% 1 0% 17.4% 41.3% 7.4 7 to 87.5% 8.3% 7.5 7 to 81992 4% 6% 5% 1% 1%4% 1 6% 1 5% 1 1% 1 1% 1COMPOSITE -- NEW CONSTRUCTION AND REPLACEMENT/RETROFIT8.3% 25.0% 8.3 8 to 98.3% 15.8% 8.3 8 to 91991 17% 37% 5% 2% 1%17% 1 37% 1 5% 1 2% 1 1% 1Real interest rate9.3% 8.6% 9.3 9 to 109.2% 16.3% 9.2 9 to 101990 -5% -16% 4% 3% 2%-5% 1 -16% 1 4% 1 3% 1 2% 1Finance MethodShare Min Max Mean10.1% 5.0% 10.1 10 to 1110.2% 15.8% 10.2 10 to 11 1989 14% 9% 4% 4% 3%14% 1 9% 1 4% 1 4% 1 3% 1REAL New home (after tax)34% -1.6% 12.8% 4.2%11.1% 1.3% 11.1 11 to 1211.3% 3.1% 11.3 11 to 12 1988 4% 7% 6% 4% 3%4% 1 7% 1 6% 1 4% 1 3% 1REAL 2nd mortgage (after tax) 2% -1.6% 14.3% 5.9%12.1% 1.7% 12.1 12 to 1312.3% 13.3% 12.3 12 to 13 1987 -14% -19% 6% 3% 3%-14% 1 -19% 1 6% 1 3% 1 3% 1REAL Credit card21% -1.6% 37.4% 12.0%13.5% 0.5% 13.5 13 to 1413.3% 5.2% 13.3 13 to 14 1986 12% 2% 7% 5% 4%12% 1 2% 1 7% 1 5% 1 4% 1REAL Transaction accounts24% 0.0% 4.0% 2.0%14.1% 0.3% 14.1 14 to 1514.1% 7.7% 14.1 14 to 15 1985 14% 13% 8% 5% 4%14% 1 13% 1 8% 1 5% 1 4% 1REAL CD (6 month)4% -2.2% 6.4% 2.4%15.0% 0.0% 15.0 15 to 1615.0% 1.9% 15.0 15 to 16 1984 -2%8% 6% 6%-2% 18% 1 6% 1 6% 1REAL Savings Bonds (Treasury) 5% -3.3% 5.6% 1.8%16.0% 0.3% 16.0 16 to 1716.0% 0.0% 16.0 16 to 17 1983 10%9% 6% 6%10% 19% 1 6% 1 6% 1REAL Bonds (Corporate AAA) 1% -1.7% 8.8% 4.5%17.0% 0.0% 17.0 17 to 1817.0% 0.0% 17.0 17 to 18 1982 11%8% 6% 5%11% 18% 1 6% 1 5% 1REAL Stocks (Nasdaq)5% -19.4% 60.2% 13.3%18.0% 0.1% 18.0 18 to 1918.0% 2.0% 18.0 18 to 19 1981 -16%4% 5% 3%-16% 14% 1 5% 1 3% 1REAL Mutual Funds (S&P 500) 4% -40.0% 37.2% 4.5%19.0% 0.0% 19.0 19 to 2019.0% 1.0% 19.0 19 to 20 1980 5%-2% -1% -3%5% 1-2% 1 -1% 1 -3% 1Total Share100%Wtd Average5.60%20.0% 0.1% 20.0 20 to 2120.0% 0.0% 20.0 20 to 21 1979 -3%-2% 0% -2%-3% 1-2% 1 0% 1 -2% 121.0% 0.0% 21.0 21 to 22 1978 0%1% 1% 0%0% 11% 1 1% 1 0% 17.94%22.0% 1.6% 22.0 22 to 23 1977 -13%2% -1% -1%-13% 12% 1 -1% 1 -1% 1NEW CONSTRUCTION ONLY1976 1%3% 0% 0%1% 13% 1 0% 1 0% 1Real interest rate10.30%1975 8%-2% -3%8% 1-2% 1 -3% 1Finance MethodShare Min Max Mean1974 -40%-1% -3%-40% 1-1% 1 -3% 1REAL New home (after tax)100% -1.6% 12.8% 4.2%1973 -22%3% 1%-22% 13% 1 1% 11972 10%2% 2%10% 12% 1 2% 11971 2%1% 0%2% 11% 1 0% 1REPLACEMENT/RETROFIT ONLYNOMINAL Credit Card Interest Rate Data1970 3% 2% 1% 3% 1 2% 1 1% 1Real interest rateCC Weight1969 -16% 2% 1% -16% 1 2% 1 1% 1Finance Method Share Min Max MeanRate Percent CC Bin 1968 8% 2% 1% 8% 1 2% 1 1% 1REAL 2nd mortgage (after tax) 3% -1.6% 14.3% 5.9% 0.0% 6.6% 0.0 0 to 1 1967 8% 2% 2% 8% 1 2% 1 2% 1REAL Credit card 32% -1.6% 37.4% 12.0% 1.0% 0.2% 1.0 1 to 2 1966 -16% 3% 2% -16% 1 3% 1 2% 1REAL Transaction accounts 36% 0.0% 4.0% 2.0% 2.0% 0.0% 2.0 2 to 3 1965 4% 3% 2% 4% 1 3% 1 2% 1REAL CD (6 month) 6% -2.2% 6.4% 2.4% 3.8% 1.2% 3.8 3 to 4 1964 9% 3% 2% 9% 1 3% 1 2% 1REAL Savings Bonds (Treasury) 8% -3.3% 5.6% 1.8% 4.9% 3.2% 4.9 4 to 5 1963 12% 2% 12% 1 2% 1REAL Bonds (Corporate AAA) 1% -1.7% 8.8% 4.5% 5.8% 4.4% 5.8 5 to 6 1962 -9% 2% -9% 1 2% 1REAL Stocks (Nasdaq) 8% -19.4% 60.2% 13.3% 6.4% 2.2% 6.4 6 to 7 1961 15% 2% 15% 1 2% 1REAL Mutual Funds (S&P 500) 7% -40.0% 37.2% 4.5% 7.6% 1.5% 7.6 7 to 8 1960 3% 2% 3% 1 2% 1Total Share100%Wtd Average6.33% 8.4% 1.9% 8.4 8 to 9 1959 7% 4% 7% 1 4% 19.5% 5.5% 9.5 9 to 10 1958 30% 30% 11 3% 10.3% 1.9% 10.3 10 to 11 1957 -14% -14% 12 32% 11.4% 3.3% 11.4 11 to 12 1956 5% 5% 13 36% 12.4% 8.4% 12.4 12 to 13 1955 25% 25% 14 6% 13.3% 5.0% 13.3 13 to 14 1954 37% 37% 15 8% 14.3% 6.1% 14.3 14 to 15 1953 -7% -7% 16 1% 15.3% 6.1% 15.3 15 to 16 1952 8% 8% 17 8% 16.3% 4.3% 16.3 16 to 17 1951 2% 2% 18 7% 17.3% 5.1% 17.3 17 to 18 1950 18% 18% 118.1% 13.8% 18.1 18 to 19Average4% 13% 5% 2% 2%Finanace Method Retro 4 19.3% 8.9% 19.3 19 to 20Minimum-40% -19% -2% -2% -3%Real Interest Rate Retro 2.4% 20.1% 1.9% 20.1 20 to 21Maximum37% 60% 9% 6% 6%21.1% 5.8% 21.1 21 to 2222.2% 1.6% 22.2 22 to 2323.1% 0.5% 23.1 23 to 2424.3% 0.4% 24.3 24 to 2525.0% 0.0% 25.0 25 to 2626.0% 0.0% 26.0 26 to 2727.0% 0.0% 27.0 27 to 2828.0% 0.0% 28.0 28 to 2929.0% 0.0% 29.0 29 to 3030.0% 0.0% 30.0 30 to 3131.0% 0.0% 31.0 31 to 3232.0% 0.0% 32.0 32 to 3333.0% 0.0% 33.0 33 to 3434.0% 0.0% 34.0 34 to 3535.0% 0.0% 35.0 35 to 3636.0% 0.0% 36.0 36 to 3737.0% 0.0% 37.0 37 to 3838.0% 0.0% 38.0 38 to 3939.0% 0.1% 39.0 39 to 4013.51%