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Recently, the source wrote (citation):
On May 29, 2019, FHFA published its final Monthly Interest Rate Survey (MIRS), due to dwindling participation by financial institutions. [...] MIRS [...] was used to compile FHFA’s monthly adjustable-rate mortgage index entitled the “National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders,” also known as the ARM Index.
As some banks use the ARM Index as the basis for adjusting the interest rates on adjustable-rate mortgages, FHFA created and designated as the replacement for the ARM Index a version of Freddie Mac’s 30-year Primary Mortgage Market Survey® (PMMS®) that adjusts for differences between the two. This new index is called “PMMS+” and will be published on fhfa.gov on the final Thursday of every month.
Dataset properties:
- Measurement: Percent per annum (% p.a.)
- Adjustment: Not seasonally adjusted (NSA)
- Native frequency: Monthly
- Start date: 2019m6
The series resides in the historical catalog (United States » Financial » Interest Rates » Mortgage rates » FHFA PMMS+) and is:
- IR%FHPMMSUM.IUSA = Interest rates: Residential real estate - PMMS+, (% p.a., NSA)
Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.
References
See also
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