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Sheet: Sheet1

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HOUSING OPPORTUNITY INDEX, MEDIAN PRICE & INTEREST RATES
 |  | National |  | Interest Rates |  | (3) |  | No. of
Year/ | HOI | Median | Weighted |  |  | Percent Share |  | Metro
Quarter | (%) | Price | Interest | Fixed | ARM | Fixed | ARM | Areas
 |  | ( $000's) | Rate | (1) | (2) |  |  | Covered
1991
I | - | 99 | 9.09 | 9.5 | 7.62 | 0.78 | 0.22 | 147
II | - | 105 | 9.06 | 9.53 | 7.28 | 0.79 | 0.21 | 173
III | - | 110 | 9.33 | 9.74 | 8.1 | 0.76 | 0.24 | 191
IV | - | 106 | 8.78 | 9.08 | 7.71 | 0.75 | 0.25 | 176
1992
I | 53.9 | 105 | 8.75 | 8.73 | 6.98 | 0.82 | 0.18 | 169
II | 55.5 | 105 | 8.42 | 8.87 | 6.95 | 0.79 | 0.21 | 173
III | 57.5 | 110 | 7.93 | 8.3 | 6.43 | 0.8 | 0.2 | 190
IV | 60 | 114 | 7.76 | 8.22 | 6.21 | 0.77 | 0.23 | 187
1993
I | 64.7 | 105 | 7.57 | 8.02 | 5.98 | 0.78 | 0.22 | 202
II | 65.1 | 109 | 7.27 | 7.66 | 5.89 | 0.78 | 0.22 | 186
III | 65.1 | 110 | 7.04 | 7.31 | 5.72 | 0.83 | 0.17 | 188
IV | 66.8 | 112 | 6.8 | 7.15 | 5.42 | 0.8 | 0.2 | 178
1994
I | 67.5 | 112 | 6.91 | 7.32 | 5.52 | 0.77 | 0.23 | 174
II | 60.5 | 114 | 7.42 | 8.17 | 6.14 | 0.63 | 0.37 | 186
III | 61.7 | 117 | 7.72 | 8.59 | 6.58 | 0.57 | 0.43 | 185
IV | 62.3 | 114 | 7.82 | 8.92 | 6.84 | 0.47 | 0.53 | 160
1995
I | 61.2 | 114 | 8.15 | 9.13 | 7.25 | 0.48 | 0.52 | 179
II | 60.5 | 117 | 7.99 | 8.41 | 7.2 | 0.65 | 0.35 | 187
III | 61.3 | 118 | 7.73 | 7.94 | 7.06 | 0.77 | 0.23 | 191
IV | 63.4 | 117 | 7.53 | 7.74 | 6.81 | 0.78 | 0.22 | 192
1996
I | 67.5 | 118 | 7.35 | 7.43 | 6.91 | 0.84 | 0.16 | 185
II | 63.1 | 120 | 7.84 | 8.14 | 7.08 | 0.72 | 0.28 | 172
III | 61.2 | 122 | 7.97 | 8.36 | 7.19 | 0.67 | 0.33 | 174
IV | 64.1 | 120 | 7.73 | 8.06 | 6.94 | 0.71 | 0.29 | 184
1997
I | 66.5 | 120 | 7.75 | 8.01 | 6.97 | 0.75 | 0.25 | 190
II | 64.3 | 123 | 7.91 | 8.2 | 7.06 | 0.75 | 0.25 | 196
III | 63.7 | 127 | 7.65 | 7.96 | 6.82 | 0.8 | 0.2 | 195
IV | 64.8 | 127 | 7.47 | 7.63 | 6.71 | 0.83 | 0.17 | 193
1998
I | 67.6 | 129 | 7.22 | 7.31 | 6.62 | 0.87 | 0.13 | 191
II | 64.8 | 135 | 7.21 | 7.31 | 6.53 | 0.86 | 0.14 | 193
III | 64.4 | 138 | 7.08 | 7.18 | 6.4 | 0.88 | 0.12 | 187
IV | 66.2 | 136 | 6.88 | 6.95 | 6.22 | 0.9 | 0.1 | 186
1999
I | 69.6 | 134 | 6.95 | 7.03 | 6.29 | 0.88 | 0.12 | 181
II | 67 | 138 | 7.1 | 7.85 | 6.35 | 0.83 | 0.17 | 184
III | 63.4 | 141 | 7.52 | 7.25 | 6.69 | 0.72 | 0.28 | 186
IV | 63.8 | 139 | 7.58 | 7.98 | 6.62 | 0.7 | 0.3 | 192
2000
I | 62.8 | 140 | 7.93 | 8.32 | 7.09 | 0.69 | 0.31 | 184
II | 58.4 | 147 | 8.2 | 8.55 | 7.47 | 0.68 | 0.32 | 173
III | 58.1 | 151 | 8.01 | 8.29 | 6.98 | 0.79 | 0.21 | 177
IV | 59.3 | 151 | 7.7548 | 7.95 | 6.73 | 0.84 | 0.16 | 180
2001
I | 56.9 | 153 | 7.206300000000001 | 7.28 | 6.61 | 0.89 | 0.11 | 181
II | 63.4 | 156 | 7.15 | 7.23 | 6.49 | 0.89 | 0.11 | 187
III | 61.5 | 161 | 7.06 | 7.17 | 6.42 | 0.85 | 0.15 | 186
IV | 64.1 | 158 | 6.71 | 6.8 | 6.08 | 0.88 | 0.12 | 181
2002
I | 64.8 | 160 | 6.86 | 7.03 | 6.01 | 0.83 | 0.17 | 191
Annual | 63.73 | 164 | 6.54 | 6.73 | 5.66 | 0.83 | 0.17 | 223
2003
IV | 58.9 | 185.5 | 5.83 | 6.09 | 5.13 | 0.73 | 0.27 | 161
Annual | 63.7 | 176 | 5.75 | 5.92 | 5.03 | 0.81 | 0.19 | 166
2004
I | 61.2 | 187 | 5.62 | 5.9 | 4.9 | 0.73 | 0.27 | 163
II | 55.6 | 204 | 5.72 | 6.09 | 5.06 | 0.64 | 0.36 | 162
III | 50.4 | 225 | 5.83 | 6.12 | 5.35 | 0.62 | 0.38 | 162
IV | 52 | 219 | 5.77 | 5.93 | 5.48 | 0.64 | 0.36 | 160
2005
I | 50.1 | 225 | 5.79 | 5.95 | 5.43 | 0.6799999999999999 | 0.32 | 158
II | 45.9 | 241 | 5.82 | 6.02 | 5.42 | 0.6699999999999999 | 0.33 | 158
III | 43.2 | 253 | 5.84 | 5.97 | 5.49 | 0.72 | 0.28 | 161
IV | 40.97 | 254 | 6.21 | 6.36 | 5.81 | 0.71 | 0.29 | 160
2006
I | 41.3 | 250 | 6.39 | 6.51 | 6.1 | 0.72 | 0.28 | 182
II | 40.56 | 249.9 | 6.65 | 6.72 | 6.45 | 0.75 | 0.25 | 199
III | 40.4 | 248 | 6.77 | 6.82 | 6.55 | 0.81 | 0.19 | 203
IV | 41.6 | 247 | 6.52 | 6.55 | 6.36 | 0.86 | 0.14 | 202
2007
I | 43.9 | 238 | 6.4 | 6.41 | 6.29 | 0.89 | 0.11 | 219
II | 43.1 | 240 | 6.44 | 6.46 | 6.27 | 0.89 | 0.11 | 215
III | 42 | 239 | 6.73 | 6.76 | 6.54 | 0.88 | 0.12 | 215
IV | 46.6 | 227.4 | 6.42 | 6.43 | 6.22 | 0.92 | 0.08 | 220
2008
I | 53.84 | 218.5 | 6.02 | 6.05 | 5.66 | 0.92 | 0.08 | 223
II | 55 | 215 | 6.12 | 6.16 | 5.69 | 0.92 | 0.08 | 222
III | 56.1 | 205.9 | 6.39 | 6.43 | 5.91 | 0.92 | 0.08 | 222
IV | 62.4 | 190 | 6.02 | 6.02 | 6.03 | 0.98 | 0.02 | 222
2009
I | 72.5 | 175.5 | 5.14 | 5.14 | * | 1 | 0 | 222
II | 72.3 | 177 | 5.03 | 5.03 | * | 1 | 0 | 226
III | 70.1 | 179 | 5.33 | 5.33 | * | 1 | 0 | 227
IV | 70.8 | 180 | 5.11 | 5.11 | * | 1 | 0 | 227
2010
I | 72.2 | 175 | 5.12 | 5.12 | * | 1 | 0 | 225
II | 72.3 | 179 | 5.11 | 5.11 | * | 1 | 0 | 225
III | 72.1 | 180 | 4.79 | 4.79 | * | 1 | 0 | 226
IV | 73.9 | 175 | 4.59 | 4.59 | * | 1 | 0 | 223
2011
I | 74.6 | 165 | 4.98 | 4.98 | * | 1 | 0 | 222
II | 72.6 | 172 | 4.95 | 4.95 | * | 1 | 0 | 223
III | 72.9 | 175.5 | 4.71 | 4.71 | * | 1 | 0 | 225
IV | 75.9 | 170 | 4.43 | 4.43 | * | 1 | 0 | 225
2012
I | 77.5 | 162 | 4.32 | 4.32 | * | 1 | 0 | 226
II | 73.8 | 184.9 | 4.05 | 4.05 | * | 1 | 0 | 226
III | 74.1 | 189 | 3.8 | 3.8 | * | 1 | 0 | 225
IV | 74.9 | 187.9 | 3.57 | 3.57 | * | 1 | 0 | 226
2013
I | 73.7 | 183.8 | 3.62 | 3.62 | * | 1 | 0 | 222
Source: Core Logic, HUD & Federal Housing Finance Agency.  Analyzed by NAHB Economics & Housing Policy Group
Note: (1) Effective closing rate for all fixed-rate mortgage loans for all major lenders, as reported by FHFB.
(2) Effective closing rate for all ARM mortgage loans for all major lenders, as reported by FHFB.
(3) Share of all loans closed by all major lenders.
*insufficient data to report meaningful numbers (<1%)