The graphical representation of interest rates since 1975 and to analyze the tendency of interest rates to move together.
Explanation of Solution
The monthly data of interest rate on three-month Treasury bills since 1975 is as follows:
Date | 3-month Treasury Bill: monthly rate |
1975-01-01 | 6.26 |
1975-02-01 | 5.50 |
1975-03-01 | 5.49 |
1975-04-01 | 5.61 |
1975-05-01 | 5.23 |
1975-06-01 | 5.34 |
1975-07-01 | 6.13 |
1975-08-01 | 6.44 |
1975-09-01 | 6.42 |
1975-10-01 | 5.96 |
1975-11-01 | 5.48 |
1975-12-01 | 5.44 |
1976-01-01 | 4.87 |
1976-02-01 | 4.88 |
1976-03-01 | 5.00 |
1976-04-01 | 4.86 |
1976-05-01 | 5.20 |
1976-06-01 | 5.41 |
1976-07-01 | 5.23 |
1976-08-01 | 5.14 |
1976-09-01 | 5.08 |
1976-10-01 | 4.92 |
1976-11-01 | 4.75 |
1976-12-01 | 4.35 |
1977-01-01 | 4.62 |
1977-02-01 | 4.67 |
1977-03-01 | 4.60 |
1977-04-01 | 4.54 |
1977-05-01 | 4.96 |
1977-06-01 | 5.02 |
1977-07-01 | 5.19 |
1977-08-01 | 5.49 |
1977-09-01 | 5.81 |
1977-10-01 | 6.16 |
1977-11-01 | 6.10 |
1977-12-01 | 6.07 |
1978-01-01 | 6.44 |
1978-02-01 | 6.45 |
1978-03-01 | 6.29 |
1978-04-01 | 6.29 |
1978-05-01 | 6.41 |
1978-06-01 | 6.73 |
1978-07-01 | 7.01 |
1978-08-01 | 7.08 |
1978-09-01 | 7.85 |
1978-10-01 | 7.99 |
1978-11-01 | 8.64 |
1978-12-01 | 9.08 |
1979-01-01 | 9.35 |
1979-02-01 | 9.32 |
1979-03-01 | 9.48 |
1979-04-01 | 9.46 |
1979-05-01 | 9.61 |
1979-06-01 | 9.06 |
1979-07-01 | 9.24 |
1979-08-01 | 9.52 |
1979-09-01 | 10.26 |
1979-10-01 | 11.70 |
1979-11-01 | 11.79 |
1979-12-01 | 12.04 |
1980-01-01 | 12.00 |
1980-02-01 | 12.86 |
1980-03-01 | 15.20 |
1980-04-01 | 13.20 |
1980-05-01 | 8.58 |
1980-06-01 | 7.07 |
1980-07-01 | 8.06 |
1980-08-01 | 9.13 |
1980-09-01 | 10.27 |
1980-10-01 | 11.62 |
1980-11-01 | 13.73 |
1980-12-01 | 15.49 |
1981-01-01 | 15.02 |
1981-02-01 | 14.79 |
1981-03-01 | 13.36 |
1981-04-01 | 13.69 |
1981-05-01 | 16.30 |
1981-06-01 | 14.73 |
1981-07-01 | 14.95 |
1981-08-01 | 15.51 |
1981-09-01 | 14.70 |
1981-10-01 | 13.54 |
1981-11-01 | 10.86 |
1981-12-01 | 10.85 |
1982-01-01 | 12.28 |
1982-02-01 | 13.48 |
1982-03-01 | 12.68 |
1982-04-01 | 12.70 |
1982-05-01 | 12.09 |
1982-06-01 | 12.47 |
1982-07-01 | 11.35 |
1982-08-01 | 8.68 |
1982-09-01 | 7.92 |
1982-10-01 | 7.71 |
1982-11-01 | 8.07 |
1982-12-01 | 7.94 |
1983-01-01 | 7.86 |
1983-02-01 | 8.11 |
1983-03-01 | 8.35 |
1983-04-01 | 8.21 |
1983-05-01 | 8.19 |
1983-06-01 | 8.79 |
1983-07-01 | 9.08 |
1983-08-01 | 9.34 |
1983-09-01 | 9.00 |
1983-10-01 | 8.64 |
1983-11-01 | 8.76 |
1983-12-01 | 9.00 |
1984-01-01 | 8.90 |
1984-02-01 | 9.09 |
1984-03-01 | 9.52 |
1984-04-01 | 9.69 |
1984-05-01 | 9.83 |
1984-06-01 | 9.87 |
1984-07-01 | 10.12 |
1984-08-01 | 10.47 |
1984-09-01 | 10.37 |
1984-10-01 | 9.74 |
1984-11-01 | 8.61 |
1984-12-01 | 8.06 |
1985-01-01 | 7.76 |
1985-02-01 | 8.27 |
1985-03-01 | 8.52 |
1985-04-01 | 7.95 |
1985-05-01 | 7.48 |
1985-06-01 | 6.95 |
1985-07-01 | 7.08 |
1985-08-01 | 7.14 |
1985-09-01 | 7.10 |
1985-10-01 | 7.16 |
1985-11-01 | 7.24 |
1985-12-01 | 7.10 |
1986-01-01 | 7.07 |
1986-02-01 | 7.06 |
1986-03-01 | 6.56 |
1986-04-01 | 6.06 |
1986-05-01 | 6.15 |
1986-06-01 | 6.21 |
1986-07-01 | 5.83 |
1986-08-01 | 5.53 |
1986-09-01 | 5.21 |
1986-10-01 | 5.18 |
1986-11-01 | 5.35 |
1986-12-01 | 5.53 |
1987-01-01 | 5.43 |
1987-02-01 | 5.59 |
1987-03-01 | 5.59 |
1987-04-01 | 5.64 |
1987-05-01 | 5.66 |
1987-06-01 | 5.67 |
1987-07-01 | 5.69 |
1987-08-01 | 6.04 |
1987-09-01 | 6.40 |
1987-10-01 | 6.13 |
1987-11-01 | 5.69 |
1987-12-01 | 5.77 |
1988-01-01 | 5.81 |
1988-02-01 | 5.66 |
1988-03-01 | 5.70 |
1988-04-01 | 5.91 |
1988-05-01 | 6.26 |
1988-06-01 | 6.46 |
1988-07-01 | 6.73 |
1988-08-01 | 7.06 |
1988-09-01 | 7.24 |
1988-10-01 | 7.35 |
1988-11-01 | 7.76 |
1988-12-01 | 8.07 |
1989-01-01 | 8.27 |
1989-02-01 | 8.53 |
1989-03-01 | 8.82 |
1989-04-01 | 8.65 |
1989-05-01 | 8.43 |
1989-06-01 | 8.15 |
1989-07-01 | 7.88 |
1989-08-01 | 7.90 |
1989-09-01 | 7.75 |
1989-10-01 | 7.64 |
1989-11-01 | 7.69 |
1989-12-01 | 7.63 |
1990-01-01 | 7.64 |
1990-02-01 | 7.74 |
1990-03-01 | 7.90 |
1990-04-01 | 7.77 |
1990-05-01 | 7.74 |
1990-06-01 | 7.73 |
1990-07-01 | 7.62 |
1990-08-01 | 7.45 |
1990-09-01 | 7.36 |
1990-10-01 | 7.17 |
1990-11-01 | 7.06 |
1990-12-01 | 6.74 |
1991-01-01 | 6.22 |
1991-02-01 | 5.94 |
1991-03-01 | 5.91 |
1991-04-01 | 5.65 |
1991-05-01 | 5.46 |
1991-06-01 | 5.57 |
1991-07-01 | 5.58 |
1991-08-01 | 5.33 |
1991-09-01 | 5.22 |
1991-10-01 | 4.99 |
1991-11-01 | 4.56 |
1991-12-01 | 4.07 |
1992-01-01 | 3.80 |
1992-02-01 | 3.84 |
1992-03-01 | 4.04 |
1992-04-01 | 3.75 |
1992-05-01 | 3.63 |
1992-06-01 | 3.66 |
1992-07-01 | 3.21 |
1992-08-01 | 3.13 |
1992-09-01 | 2.91 |
1992-10-01 | 2.86 |
1992-11-01 | 3.13 |
1992-12-01 | 3.22 |
1993-01-01 | 3.00 |
1993-02-01 | 2.93 |
1993-03-01 | 2.95 |
1993-04-01 | 2.87 |
1993-05-01 | 2.96 |
1993-06-01 | 3.07 |
1993-07-01 | 3.04 |
1993-08-01 | 3.02 |
1993-09-01 | 2.95 |
1993-10-01 | 3.02 |
1993-11-01 | 3.10 |
1993-12-01 | 3.06 |
1994-01-01 | 2.98 |
1994-02-01 | 3.25 |
1994-03-01 | 3.50 |
1994-04-01 | 3.68 |
1994-05-01 | 4.14 |
1994-06-01 | 4.14 |
1994-07-01 | 4.33 |
1994-08-01 | 4.48 |
1994-09-01 | 4.62 |
1994-10-01 | 4.95 |
1994-11-01 | 5.29 |
1994-12-01 | 5.60 |
1995-01-01 | 5.71 |
1995-02-01 | 5.77 |
1995-03-01 | 5.73 |
1995-04-01 | 5.65 |
1995-05-01 | 5.67 |
1995-06-01 | 5.47 |
1995-07-01 | 5.42 |
1995-08-01 | 5.40 |
1995-09-01 | 5.28 |
1995-10-01 | 5.28 |
1995-11-01 | 5.36 |
1995-12-01 | 5.14 |
1996-01-01 | 5.00 |
1996-02-01 | 4.83 |
1996-03-01 | 4.96 |
1996-04-01 | 4.95 |
1996-05-01 | 5.02 |
1996-06-01 | 5.09 |
1996-07-01 | 5.15 |
1996-08-01 | 5.05 |
1996-09-01 | 5.09 |
1996-10-01 | 4.99 |
1996-11-01 | 5.03 |
1996-12-01 | 4.91 |
1997-01-01 | 5.03 |
1997-02-01 | 5.01 |
1997-03-01 | 5.14 |
1997-04-01 | 5.16 |
1997-05-01 | 5.05 |
1997-06-01 | 4.93 |
1997-07-01 | 5.05 |
1997-08-01 | 5.14 |
1997-09-01 | 4.95 |
1997-10-01 | 4.97 |
1997-11-01 | 5.14 |
1997-12-01 | 5.16 |
1998-01-01 | 5.04 |
1998-02-01 | 5.09 |
1998-03-01 | 5.03 |
1998-04-01 | 4.95 |
1998-05-01 | 5.00 |
1998-06-01 | 4.98 |
1998-07-01 | 4.96 |
1998-08-01 | 4.90 |
1998-09-01 | 4.61 |
1998-10-01 | 3.96 |
1998-11-01 | 4.41 |
1998-12-01 | 4.39 |
1999-01-01 | 4.34 |
1999-02-01 | 4.44 |
1999-03-01 | 4.44 |
1999-04-01 | 4.29 |
1999-05-01 | 4.50 |
1999-06-01 | 4.57 |
1999-07-01 | 4.55 |
1999-08-01 | 4.72 |
1999-09-01 | 4.68 |
1999-10-01 | 4.86 |
1999-11-01 | 5.07 |
1999-12-01 | 5.20 |
2000-01-01 | 5.32 |
2000-02-01 | 5.55 |
2000-03-01 | 5.69 |
2000-04-01 | 5.66 |
2000-05-01 | 5.79 |
2000-06-01 | 5.69 |
2000-07-01 | 5.96 |
2000-08-01 | 6.09 |
2000-09-01 | 6.00 |
2000-10-01 | 6.11 |
2000-11-01 | 6.17 |
2000-12-01 | 5.77 |
2001-01-01 | 5.15 |
2001-02-01 | 4.88 |
2001-03-01 | 4.42 |
2001-04-01 | 3.87 |
2001-05-01 | 3.62 |
2001-06-01 | 3.49 |
2001-07-01 | 3.51 |
2001-08-01 | 3.36 |
2001-09-01 | 2.64 |
2001-10-01 | 2.16 |
2001-11-01 | 1.87 |
2001-12-01 | 1.69 |
2002-01-01 | 1.65 |
2002-02-01 | 1.72 |
2002-03-01 | 1.79 |
2002-04-01 | 1.71 |
2002-05-01 | 1.73 |
2002-06-01 | 1.70 |
2002-07-01 | 1.68 |
2002-08-01 | 1.62 |
2002-09-01 | 1.63 |
2002-10-01 | 1.58 |
2002-11-01 | 1.23 |
2002-12-01 | 1.19 |
2003-01-01 | 1.17 |
2003-02-01 | 1.17 |
2003-03-01 | 1.13 |
2003-04-01 | 1.13 |
2003-05-01 | 1.07 |
2003-06-01 | 0.92 |
2003-07-01 | 0.90 |
2003-08-01 | 0.95 |
2003-09-01 | 0.94 |
2003-10-01 | 0.92 |
2003-11-01 | 0.93 |
2003-12-01 | 0.90 |
2004-01-01 | 0.88 |
2004-02-01 | 0.93 |
2004-03-01 | 0.94 |
2004-04-01 | 0.94 |
2004-05-01 | 1.02 |
2004-06-01 | 1.27 |
2004-07-01 | 1.33 |
2004-08-01 | 1.48 |
2004-09-01 | 1.65 |
2004-10-01 | 1.76 |
2004-11-01 | 2.07 |
2004-12-01 | 2.19 |
2005-01-01 | 2.33 |
2005-02-01 | 2.54 |
2005-03-01 | 2.74 |
2005-04-01 | 2.78 |
2005-05-01 | 2.84 |
2005-06-01 | 2.97 |
2005-07-01 | 3.22 |
2005-08-01 | 3.44 |
2005-09-01 | 3.42 |
2005-10-01 | 3.71 |
2005-11-01 | 3.88 |
2005-12-01 | 3.89 |
2006-01-01 | 4.24 |
2006-02-01 | 4.43 |
2006-03-01 | 4.51 |
2006-04-01 | 4.60 |
2006-05-01 | 4.72 |
2006-06-01 | 4.79 |
2006-07-01 | 4.95 |
2006-08-01 | 4.96 |
2006-09-01 | 4.81 |
2006-10-01 | 4.92 |
2006-11-01 | 4.94 |
2006-12-01 | 4.85 |
2007-01-01 | 4.98 |
2007-02-01 | 5.03 |
2007-03-01 | 4.94 |
2007-04-01 | 4.87 |
2007-05-01 | 4.73 |
2007-06-01 | 4.61 |
2007-07-01 | 4.82 |
2007-08-01 | 4.20 |
2007-09-01 | 3.89 |
2007-10-01 | 3.90 |
2007-11-01 | 3.27 |
2007-12-01 | 3.00 |
2008-01-01 | 2.75 |
2008-02-01 | 2.12 |
2008-03-01 | 1.26 |
2008-04-01 | 1.29 |
2008-05-01 | 1.73 |
2008-06-01 | 1.86 |
2008-07-01 | 1.63 |
2008-08-01 | 1.72 |
2008-09-01 | 1.13 |
2008-10-01 | 0.67 |
2008-11-01 | 0.19 |
2008-12-01 | 0.03 |
2009-01-01 | 0.13 |
2009-02-01 | 0.30 |
2009-03-01 | 0.21 |
2009-04-01 | 0.16 |
2009-05-01 | 0.18 |
2009-06-01 | 0.18 |
2009-07-01 | 0.18 |
2009-08-01 | 0.17 |
2009-09-01 | 0.12 |
2009-10-01 | 0.07 |
2009-11-01 | 0.05 |
2009-12-01 | 0.05 |
2010-01-01 | 0.06 |
2010-02-01 | 0.11 |
2010-03-01 | 0.15 |
2010-04-01 | 0.16 |
2010-05-01 | 0.16 |
2010-06-01 | 0.12 |
2010-07-01 | 0.16 |
2010-08-01 | 0.16 |
2010-09-01 | 0.15 |
2010-10-01 | 0.13 |
2010-11-01 | 0.14 |
2010-12-01 | 0.14 |
2011-01-01 | 0.15 |
2011-02-01 | 0.13 |
2011-03-01 | 0.10 |
2011-04-01 | 0.06 |
2011-05-01 | 0.04 |
2011-06-01 | 0.04 |
2011-07-01 | 0.04 |
2011-08-01 | 0.02 |
2011-09-01 | 0.01 |
2011-10-01 | 0.02 |
2011-11-01 | 0.01 |
2011-12-01 | 0.01 |
2012-01-01 | 0.03 |
2012-02-01 | 0.09 |
2012-03-01 | 0.08 |
2012-04-01 | 0.08 |
2012-05-01 | 0.09 |
2012-06-01 | 0.09 |
2012-07-01 | 0.10 |
2012-08-01 | 0.10 |
2012-09-01 | 0.11 |
2012-10-01 | 0.10 |
2012-11-01 | 0.09 |
2012-12-01 | 0.07 |
2013-01-01 | 0.07 |
2013-02-01 | 0.10 |
2013-03-01 | 0.09 |
2013-04-01 | 0.06 |
2013-05-01 | 0.04 |
2013-06-01 | 0.05 |
2013-07-01 | 0.04 |
2013-08-01 | 0.04 |
2013-09-01 | 0.02 |
2013-10-01 | 0.05 |
2013-11-01 | 0.07 |
2013-12-01 | 0.07 |
2014-01-01 | 0.04 |
2014-02-01 | 0.05 |
2014-03-01 | 0.05 |
2014-04-01 | 0.03 |
2014-05-01 | 0.03 |
2014-06-01 | 0.04 |
2014-07-01 | 0.03 |
2014-08-01 | 0.03 |
2014-09-01 | 0.02 |
2014-10-01 | 0.02 |
2014-11-01 | 0.02 |
2014-12-01 | 0.03 |
2015-01-01 | 0.03 |
2015-02-01 | 0.02 |
2015-03-01 | 0.03 |
2015-04-01 | 0.02 |
2015-05-01 | 0.02 |
2015-06-01 | 0.02 |
2015-07-01 | 0.03 |
2015-08-01 | 0.07 |
2015-09-01 | 0.02 |
2015-10-01 | 0.02 |
2015-11-01 | 0.12 |
2015-12-01 | 0.23 |
2016-01-01 | 0.26 |
2016-02-01 | 0.31 |
2016-03-01 | 0.29 |
2016-04-01 | 0.23 |
2016-05-01 | 0.27 |
2016-06-01 | 0.27 |
2016-07-01 | 0.30 |
2016-08-01 | 0.30 |
2016-09-01 | 0.29 |
2016-10-01 | 0.33 |
2016-11-01 | 0.45 |
2016-12-01 | 0.51 |
2017-01-01 | 0.51 |
2017-02-01 | 0.52 |
2017-03-01 | 0.74 |
2017-04-01 | 0.80 |
2017-05-01 | 0.89 |
2017-06-01 | 0.98 |
2017-07-01 | 1.07 |
2017-08-01 | 1.01 |
2017-09-01 | 1.03 |
2017-10-01 | 1.07 |
2017-11-01 | 1.23 |
2017-12-01 | 1.32 |
2018-01-01 | 1.41 |
2018-02-01 | 1.57 |
2018-03-01 | 1.70 |
2018-04-01 | 1.76 |
2018-05-01 | 1.86 |
2018-06-01 | 1.90 |
2018-07-01 | 1.96 |
2018-08-01 | 2.03 |
2018-09-01 | 2.13 |
2018-10-01 | 2.25 |
2018-11-01 | 2.33 |
2018-12-01 | 2.37 |
2019-01-01 | 2.37 |
The graphical representation of the monthly data of interest rate on three-month Treasury bills since 1975 is as follows:
The monthly data of interest rate on corporate bond yield since 1975 is as follows:
Date | Corporate bond yield: monthly |
1975-01-01 | 8.83 |
1975-02-01 | 8.62 |
1975-03-01 | 8.67 |
1975-04-01 | 8.95 |
1975-05-01 | 8.90 |
1975-06-01 | 8.77 |
1975-07-01 | 8.84 |
1975-08-01 | 8.95 |
1975-09-01 | 8.95 |
1975-10-01 | 8.86 |
1975-11-01 | 8.78 |
1975-12-01 | 8.79 |
1976-01-01 | 8.60 |
1976-02-01 | 8.55 |
1976-03-01 | 8.52 |
1976-04-01 | 8.40 |
1976-05-01 | 8.58 |
1976-06-01 | 8.62 |
1976-07-01 | 8.56 |
1976-08-01 | 8.45 |
1976-09-01 | 8.38 |
1976-10-01 | 8.32 |
1976-11-01 | 8.25 |
1976-12-01 | 7.98 |
1977-01-01 | 7.96 |
1977-02-01 | 8.04 |
1977-03-01 | 8.10 |
1977-04-01 | 8.04 |
1977-05-01 | 8.05 |
1977-06-01 | 7.95 |
1977-07-01 | 7.94 |
1977-08-01 | 7.98 |
1977-09-01 | 7.92 |
1977-10-01 | 8.04 |
1977-11-01 | 8.08 |
1977-12-01 | 8.19 |
1978-01-01 | 8.41 |
1978-02-01 | 8.47 |
1978-03-01 | 8.47 |
1978-04-01 | 8.56 |
1978-05-01 | 8.69 |
1978-06-01 | 8.76 |
1978-07-01 | 8.88 |
1978-08-01 | 8.69 |
1978-09-01 | 8.69 |
1978-10-01 | 8.89 |
1978-11-01 | 9.03 |
1978-12-01 | 9.16 |
1979-01-01 | 9.25 |
1979-02-01 | 9.26 |
1979-03-01 | 9.37 |
1979-04-01 | 9.38 |
1979-05-01 | 9.50 |
1979-06-01 | 9.29 |
1979-07-01 | 9.20 |
1979-08-01 | 9.23 |
1979-09-01 | 9.44 |
1979-10-01 | 10.13 |
1979-11-01 | 10.76 |
1979-12-01 | 10.74 |
1980-01-01 | 11.09 |
1980-02-01 | 12.38 |
1980-03-01 | 12.96 |
1980-04-01 | 12.04 |
1980-05-01 | 10.99 |
1980-06-01 | 10.58 |
1980-07-01 | 11.07 |
1980-08-01 | 11.64 |
1980-09-01 | 12.02 |
1980-10-01 | 12.31 |
1980-11-01 | 12.97 |
1980-12-01 | 13.21 |
1981-01-01 | 12.81 |
1981-02-01 | 13.35 |
1981-03-01 | 13.33 |
1981-04-01 | 13.88 |
1981-05-01 | 14.32 |
1981-06-01 | 13.75 |
1981-07-01 | 14.38 |
1981-08-01 | 14.89 |
1981-09-01 | 15.49 |
1981-10-01 | 15.40 |
1981-11-01 | 14.22 |
1981-12-01 | 14.23 |
1982-01-01 | 15.18 |
1982-02-01 | 15.27 |
1982-03-01 | 14.58 |
1982-04-01 | 14.46 |
1982-05-01 | 14.26 |
1982-06-01 | 14.81 |
1982-07-01 | 14.61 |
1982-08-01 | 13.71 |
1982-09-01 | 12.94 |
1982-10-01 | 12.12 |
1982-11-01 | 11.68 |
1982-12-01 | 11.83 |
1983-01-01 | 11.79 |
1983-02-01 | 12.01 |
1983-03-01 | 11.73 |
1983-04-01 | 11.51 |
1983-05-01 | 11.46 |
1983-06-01 | 11.74 |
1983-07-01 | 12.15 |
1983-08-01 | 12.51 |
1983-09-01 | 12.37 |
1983-10-01 | 12.25 |
1983-11-01 | 12.41 |
1983-12-01 | 12.57 |
1984-01-01 | 12.20 |
1984-02-01 | 12.08 |
1984-03-01 | 12.57 |
1984-04-01 | 12.81 |
1984-05-01 | 13.28 |
1984-06-01 | 13.55 |
1984-07-01 | 13.44 |
1984-08-01 | 12.87 |
1984-09-01 | 12.66 |
1984-10-01 | 12.63 |
1984-11-01 | 12.29 |
1984-12-01 | 12.13 |
1985-01-01 | 12.08 |
1985-02-01 | 12.13 |
1985-03-01 | 12.56 |
1985-04-01 | 12.23 |
1985-05-01 | 11.72 |
1985-06-01 | 10.94 |
1985-07-01 | 10.97 |
1985-08-01 | 11.05 |
1985-09-01 | 11.07 |
1985-10-01 | 11.02 |
1985-11-01 | 10.55 |
1985-12-01 | 10.16 |
1986-01-01 | 10.05 |
1986-02-01 | 9.67 |
1986-03-01 | 9.00 |
1986-04-01 | 8.79 |
1986-05-01 | 9.09 |
1986-06-01 | 9.13 |
1986-07-01 | 8.88 |
1986-08-01 | 8.72 |
1986-09-01 | 8.89 |
1986-10-01 | 8.86 |
1986-11-01 | 8.68 |
1986-12-01 | 8.49 |
1987-01-01 | 8.36 |
1987-02-01 | 8.38 |
1987-03-01 | 8.36 |
1987-04-01 | 8.85 |
1987-05-01 | 9.33 |
1987-06-01 | 9.32 |
1987-07-01 | 9.42 |
1987-08-01 | 9.67 |
1987-09-01 | 10.18 |
1987-10-01 | 10.52 |
1987-11-01 | 10.01 |
1987-12-01 | 10.11 |
1988-01-01 | 9.88 |
1988-02-01 | 9.40 |
1988-03-01 | 9.39 |
1988-04-01 | 9.67 |
1988-05-01 | 9.90 |
1988-06-01 | 9.86 |
1988-07-01 | 9.96 |
1988-08-01 | 10.11 |
1988-09-01 | 9.82 |
1988-10-01 | 9.51 |
1988-11-01 | 9.45 |
1988-12-01 | 9.57 |
1989-01-01 | 9.62 |
1989-02-01 | 9.64 |
1989-03-01 | 9.80 |
1989-04-01 | 9.79 |
1989-05-01 | 9.57 |
1989-06-01 | 9.10 |
1989-07-01 | 8.93 |
1989-08-01 | 8.96 |
1989-09-01 | 9.01 |
1989-10-01 | 8.92 |
1989-11-01 | 8.89 |
1989-12-01 | 8.86 |
1990-01-01 | 8.99 |
1990-02-01 | 9.22 |
1990-03-01 | 9.37 |
1990-04-01 | 9.46 |
1990-05-01 | 9.47 |
1990-06-01 | 9.26 |
1990-07-01 | 9.24 |
1990-08-01 | 9.41 |
1990-09-01 | 9.56 |
1990-10-01 | 9.53 |
1990-11-01 | 9.30 |
1990-12-01 | 9.05 |
1991-01-01 | 9.04 |
1991-02-01 | 8.83 |
1991-03-01 | 8.93 |
1991-04-01 | 8.86 |
1991-05-01 | 8.86 |
1991-06-01 | 9.01 |
1991-07-01 | 9.00 |
1991-08-01 | 8.75 |
1991-09-01 | 8.61 |
1991-10-01 | 8.55 |
1991-11-01 | 8.48 |
1991-12-01 | 8.31 |
1992-01-01 | 8.20 |
1992-02-01 | 8.29 |
1992-03-01 | 8.35 |
1992-04-01 | 8.33 |
1992-05-01 | 8.28 |
1992-06-01 | 8.22 |
1992-07-01 | 8.07 |
1992-08-01 | 7.95 |
1992-09-01 | 7.92 |
1992-10-01 | 7.99 |
1992-11-01 | 8.10 |
1992-12-01 | 7.98 |
1993-01-01 | 7.91 |
1993-02-01 | 7.71 |
1993-03-01 | 7.58 |
1993-04-01 | 7.46 |
1993-05-01 | 7.43 |
1993-06-01 | 7.33 |
1993-07-01 | 7.17 |
1993-08-01 | 6.85 |
1993-09-01 | 6.66 |
1993-10-01 | 6.67 |
1993-11-01 | 6.93 |
1993-12-01 | 6.93 |
1994-01-01 | 6.92 |
1994-02-01 | 7.08 |
1994-03-01 | 7.48 |
1994-04-01 | 7.88 |
1994-05-01 | 7.99 |
1994-06-01 | 7.97 |
1994-07-01 | 8.11 |
1994-08-01 | 8.07 |
1994-09-01 | 8.34 |
1994-10-01 | 8.57 |
1994-11-01 | 8.68 |
1994-12-01 | 8.46 |
1995-01-01 | 8.46 |
1995-02-01 | 8.26 |
1995-03-01 | 8.12 |
1995-04-01 | 8.03 |
1995-05-01 | 7.65 |
1995-06-01 | 7.30 |
1995-07-01 | 7.41 |
1995-08-01 | 7.57 |
1995-09-01 | 7.32 |
1995-10-01 | 7.12 |
1995-11-01 | 7.02 |
1995-12-01 | 6.82 |
1996-01-01 | 6.81 |
1996-02-01 | 6.99 |
1996-03-01 | 7.35 |
1996-04-01 | 7.50 |
1996-05-01 | 7.62 |
1996-06-01 | 7.71 |
1996-07-01 | 7.65 |
1996-08-01 | 7.46 |
1996-09-01 | 7.66 |
1996-10-01 | 7.39 |
1996-11-01 | 7.10 |
1996-12-01 | 7.20 |
1997-01-01 | 7.42 |
1997-02-01 | 7.31 |
1997-03-01 | 7.55 |
1997-04-01 | 7.73 |
1997-05-01 | 7.58 |
1997-06-01 | 7.41 |
1997-07-01 | 7.14 |
1997-08-01 | 7.22 |
1997-09-01 | 7.15 |
1997-10-01 | 7.00 |
1997-11-01 | 6.87 |
1997-12-01 | 6.76 |
1998-01-01 | 6.61 |
1998-02-01 | 6.67 |
1998-03-01 | 6.72 |
1998-04-01 | 6.69 |
1998-05-01 | 6.69 |
1998-06-01 | 6.53 |
1998-07-01 | 6.55 |
1998-08-01 | 6.52 |
1998-09-01 | 6.40 |
1998-10-01 | 6.37 |
1998-11-01 | 6.41 |
1998-12-01 | 6.22 |
1999-01-01 | 6.24 |
1999-02-01 | 6.40 |
1999-03-01 | 6.62 |
1999-04-01 | 6.64 |
1999-05-01 | 6.93 |
1999-06-01 | 7.23 |
1999-07-01 | 7.19 |
1999-08-01 | 7.40 |
1999-09-01 | 7.39 |
1999-10-01 | 7.55 |
1999-11-01 | 7.36 |
1999-12-01 | 7.55 |
2000-01-01 | 7.78 |
2000-02-01 | 7.68 |
2000-03-01 | 7.68 |
2000-04-01 | 7.64 |
2000-05-01 | 7.99 |
2000-06-01 | 7.67 |
2000-07-01 | 7.65 |
2000-08-01 | 7.55 |
2000-09-01 | 7.62 |
2000-10-01 | 7.55 |
2000-11-01 | 7.45 |
2000-12-01 | 7.21 |
2001-01-01 | 7.15 |
2001-02-01 | 7.10 |
2001-03-01 | 6.98 |
2001-04-01 | 7.20 |
2001-05-01 | 7.29 |
2001-06-01 | 7.18 |
2001-07-01 | 7.13 |
2001-08-01 | 7.02 |
2001-09-01 | 7.17 |
2001-10-01 | 7.03 |
2001-11-01 | 6.97 |
2001-12-01 | 6.77 |
2002-01-01 | 6.55 |
2002-02-01 | 6.51 |
2002-03-01 | 6.81 |
2002-04-01 | 6.76 |
2002-05-01 | 6.75 |
2002-06-01 | 6.63 |
2002-07-01 | 6.53 |
2002-08-01 | 6.37 |
2002-09-01 | 6.15 |
2002-10-01 | 6.32 |
2002-11-01 | 6.31 |
2002-12-01 | 6.21 |
2003-01-01 | 6.17 |
2003-02-01 | 5.95 |
2003-03-01 | 5.89 |
2003-04-01 | 5.74 |
2003-05-01 | 5.22 |
2003-06-01 | 4.97 |
2003-07-01 | 5.49 |
2003-08-01 | 5.88 |
2003-09-01 | 5.72 |
2003-10-01 | 5.70 |
2003-11-01 | 5.65 |
2003-12-01 | 5.62 |
2004-01-01 | 5.54 |
2004-02-01 | 5.50 |
2004-03-01 | 5.33 |
2004-04-01 | 5.73 |
2004-05-01 | 6.04 |
2004-06-01 | 6.01 |
2004-07-01 | 5.82 |
2004-08-01 | 5.65 |
2004-09-01 | 5.46 |
2004-10-01 | 5.47 |
2004-11-01 | 5.52 |
2004-12-01 | 5.47 |
2005-01-01 | 5.36 |
2005-02-01 | 5.20 |
2005-03-01 | 5.40 |
2005-04-01 | 5.33 |
2005-05-01 | 5.15 |
2005-06-01 | 4.96 |
2005-07-01 | 5.06 |
2005-08-01 | 5.09 |
2005-09-01 | 5.13 |
2005-10-01 | 5.35 |
2005-11-01 | 5.42 |
2005-12-01 | 5.37 |
2006-01-01 | 5.29 |
2006-02-01 | 5.35 |
2006-03-01 | 5.53 |
2006-04-01 | 5.84 |
2006-05-01 | 5.95 |
2006-06-01 | 5.89 |
2006-07-01 | 5.85 |
2006-08-01 | 5.68 |
2006-09-01 | 5.51 |
2006-10-01 | 5.51 |
2006-11-01 | 5.33 |
2006-12-01 | 5.32 |
2007-01-01 | 5.40 |
2007-02-01 | 5.39 |
2007-03-01 | 5.30 |
2007-04-01 | 5.47 |
2007-05-01 | 5.47 |
2007-06-01 | 5.79 |
2007-07-01 | 5.73 |
2007-08-01 | 5.79 |
2007-09-01 | 5.74 |
2007-10-01 | 5.66 |
2007-11-01 | 5.44 |
2007-12-01 | 5.49 |
2008-01-01 | 5.33 |
2008-02-01 | 5.53 |
2008-03-01 | 5.51 |
2008-04-01 | 5.55 |
2008-05-01 | 5.57 |
2008-06-01 | 5.68 |
2008-07-01 | 5.67 |
2008-08-01 | 5.64 |
2008-09-01 | 5.65 |
2008-10-01 | 6.28 |
2008-11-01 | 6.12 |
2008-12-01 | 5.05 |
2009-01-01 | 5.05 |
2009-02-01 | 5.27 |
2009-03-01 | 5.50 |
2009-04-01 | 5.39 |
2009-05-01 | 5.54 |
2009-06-01 | 5.61 |
2009-07-01 | 5.41 |
2009-08-01 | 5.26 |
2009-09-01 | 5.13 |
2009-10-01 | 5.15 |
2009-11-01 | 5.19 |
2009-12-01 | 5.26 |
2010-01-01 | 5.26 |
2010-02-01 | 5.35 |
2010-03-01 | 5.27 |
2010-04-01 | 5.29 |
2010-05-01 | 4.96 |
2010-06-01 | 4.88 |
2010-07-01 | 4.72 |
2010-08-01 | 4.49 |
2010-09-01 | 4.53 |
2010-10-01 | 4.68 |
2010-11-01 | 4.87 |
2010-12-01 | 5.02 |
2011-01-01 | 5.04 |
2011-02-01 | 5.22 |
2011-03-01 | 5.13 |
2011-04-01 | 5.16 |
2011-05-01 | 4.96 |
2011-06-01 | 4.99 |
2011-07-01 | 4.93 |
2011-08-01 | 4.37 |
2011-09-01 | 4.09 |
2011-10-01 | 3.98 |
2011-11-01 | 3.87 |
2011-12-01 | 3.93 |
2012-01-01 | 3.85 |
2012-02-01 | 3.85 |
2012-03-01 | 3.99 |
2012-04-01 | 3.96 |
2012-05-01 | 3.80 |
2012-06-01 | 3.64 |
2012-07-01 | 3.40 |
2012-08-01 | 3.48 |
2012-09-01 | 3.49 |
2012-10-01 | 3.47 |
2012-11-01 | 3.50 |
2012-12-01 | 3.65 |
2013-01-01 | 3.80 |
2013-02-01 | 3.90 |
2013-03-01 | 3.93 |
2013-04-01 | 3.73 |
2013-05-01 | 3.89 |
2013-06-01 | 4.27 |
2013-07-01 | 4.34 |
2013-08-01 | 4.54 |
2013-09-01 | 4.64 |
2013-10-01 | 4.53 |
2013-11-01 | 4.63 |
2013-12-01 | 4.62 |
2014-01-01 | 4.49 |
2014-02-01 | 4.45 |
2014-03-01 | 4.38 |
2014-04-01 | 4.24 |
2014-05-01 | 4.16 |
2014-06-01 | 4.25 |
2014-07-01 | 4.16 |
2014-08-01 | 4.08 |
2014-09-01 | 4.11 |
2014-10-01 | 3.92 |
2014-11-01 | 3.92 |
2014-12-01 | 3.79 |
2015-01-01 | 3.46 |
2015-02-01 | 3.61 |
2015-03-01 | 3.64 |
2015-04-01 | 3.52 |
2015-05-01 | 3.98 |
2015-06-01 | 4.19 |
2015-07-01 | 4.15 |
2015-08-01 | 4.04 |
2015-09-01 | 4.07 |
2015-10-01 | 3.95 |
2015-11-01 | 4.06 |
2015-12-01 | 3.97 |
2016-01-01 | 4.00 |
2016-02-01 | 3.96 |
2016-03-01 | 3.82 |
2016-04-01 | 3.62 |
2016-05-01 | 3.65 |
2016-06-01 | 3.50 |
2016-07-01 | 3.28 |
2016-08-01 | 3.32 |
2016-09-01 | 3.41 |
2016-10-01 | 3.51 |
2016-11-01 | 3.86 |
2016-12-01 | 4.06 |
2017-01-01 | 3.92 |
2017-02-01 | 3.95 |
2017-03-01 | 4.01 |
2017-04-01 | 3.87 |
2017-05-01 | 3.85 |
2017-06-01 | 3.68 |
2017-07-01 | 3.70 |
2017-08-01 | 3.63 |
2017-09-01 | 3.63 |
2017-10-01 | 3.60 |
2017-11-01 | 3.57 |
2017-12-01 | 3.51 |
2018-01-01 | 3.55 |
2018-02-01 | 3.82 |
2018-03-01 | 3.87 |
2018-04-01 | 3.85 |
2018-05-01 | 4.00 |
2018-06-01 | 3.96 |
2018-07-01 | 3.87 |
2018-08-01 | 3.88 |
2018-09-01 | 3.98 |
2018-10-01 | 4.14 |
2018-11-01 | 4.22 |
2018-12-01 | 4.02 |
2019-01-01 | 3.93 |
The graphical representation of the monthly data of interest rate on three-month Treasury bills since 1975 is as follows:
The monthly data of interest rate for 30-year conventional mortgage since 1975 is as follows:
Date | 30-year conventional mortgage rate |
1975-01-01 | 9.43 |
1975-02-01 | 9.11 |
1975-03-01 | 8.90 |
1975-04-01 | 8.82 |
1975-05-01 | 8.91 |
1975-06-01 | 8.89 |
1975-07-01 | 8.89 |
1975-08-01 | 8.94 |
1975-09-01 | 9.13 |
1975-10-01 | 9.22 |
1975-11-01 | 9.15 |
1975-12-01 | 9.10 |
1976-01-01 | 9.02 |
1976-02-01 | 8.81 |
1976-03-01 | 8.76 |
1976-04-01 | 8.73 |
1976-05-01 | 8.77 |
1976-06-01 | 8.85 |
1976-07-01 | 8.93 |
1976-08-01 | 9.00 |
1976-09-01 | 8.98 |
1976-10-01 | 8.93 |
1976-11-01 | 8.81 |
1976-12-01 | 8.79 |
1977-01-01 | 8.72 |
1977-02-01 | 8.67 |
1977-03-01 | 8.69 |
1977-04-01 | 8.75 |
1977-05-01 | 8.82 |
1977-06-01 | 8.86 |
1977-07-01 | 8.94 |
1977-08-01 | 8.94 |
1977-09-01 | 8.90 |
1977-10-01 | 8.92 |
1977-11-01 | 8.92 |
1977-12-01 | 8.96 |
1978-01-01 | 9.02 |
1978-02-01 | 9.16 |
1978-03-01 | 9.20 |
1978-04-01 | 9.36 |
1978-05-01 | 9.58 |
1978-06-01 | 9.71 |
1978-07-01 | 9.74 |
1978-08-01 | 9.79 |
1978-09-01 | 9.76 |
1978-10-01 | 9.86 |
1978-11-01 | 10.11 |
1978-12-01 | 10.35 |
1979-01-01 | 10.39 |
1979-02-01 | 10.41 |
1979-03-01 | 10.43 |
1979-04-01 | 10.50 |
1979-05-01 | 10.69 |
1979-06-01 | 11.04 |
1979-07-01 | 11.09 |
1979-08-01 | 11.09 |
1979-09-01 | 11.30 |
1979-10-01 | 11.64 |
1979-11-01 | 12.83 |
1979-12-01 | 12.90 |
1980-01-01 | 12.88 |
1980-02-01 | 13.04 |
1980-03-01 | 15.28 |
1980-04-01 | 16.33 |
1980-05-01 | 14.26 |
1980-06-01 | 12.71 |
1980-07-01 | 12.19 |
1980-08-01 | 12.56 |
1980-09-01 | 13.20 |
1980-10-01 | 13.79 |
1980-11-01 | 14.21 |
1980-12-01 | 14.79 |
1981-01-01 | 14.90 |
1981-02-01 | 15.13 |
1981-03-01 | 15.40 |
1981-04-01 | 15.58 |
1981-05-01 | 16.40 |
1981-06-01 | 16.70 |
1981-07-01 | 16.83 |
1981-08-01 | 17.29 |
1981-09-01 | 18.16 |
1981-10-01 | 18.45 |
1981-11-01 | 17.83 |
1981-12-01 | 16.92 |
1982-01-01 | 17.40 |
1982-02-01 | 17.60 |
1982-03-01 | 17.16 |
1982-04-01 | 16.89 |
1982-05-01 | 16.68 |
1982-06-01 | 16.70 |
1982-07-01 | 16.82 |
1982-08-01 | 16.27 |
1982-09-01 | 15.43 |
1982-10-01 | 14.61 |
1982-11-01 | 13.83 |
1982-12-01 | 13.62 |
1983-01-01 | 13.25 |
1983-02-01 | 13.04 |
1983-03-01 | 12.80 |
1983-04-01 | 12.78 |
1983-05-01 | 12.63 |
1983-06-01 | 12.87 |
1983-07-01 | 13.42 |
1983-08-01 | 13.81 |
1983-09-01 | 13.73 |
1983-10-01 | 13.54 |
1983-11-01 | 13.44 |
1983-12-01 | 13.42 |
1984-01-01 | 13.37 |
1984-02-01 | 13.23 |
1984-03-01 | 13.39 |
1984-04-01 | 13.65 |
1984-05-01 | 13.94 |
1984-06-01 | 14.42 |
1984-07-01 | 14.67 |
1984-08-01 | 14.47 |
1984-09-01 | 14.35 |
1984-10-01 | 14.13 |
1984-11-01 | 13.64 |
1984-12-01 | 13.18 |
1985-01-01 | 13.08 |
1985-02-01 | 12.92 |
1985-03-01 | 13.17 |
1985-04-01 | 13.20 |
1985-05-01 | 12.91 |
1985-06-01 | 12.22 |
1985-07-01 | 12.03 |
1985-08-01 | 12.19 |
1985-09-01 | 12.19 |
1985-10-01 | 12.14 |
1985-11-01 | 11.78 |
1985-12-01 | 11.26 |
1986-01-01 | 10.88 |
1986-02-01 | 10.71 |
1986-03-01 | 10.08 |
1986-04-01 | 9.94 |
1986-05-01 | 10.14 |
1986-06-01 | 10.68 |
1986-07-01 | 10.51 |
1986-08-01 | 10.20 |
1986-09-01 | 10.01 |
1986-10-01 | 9.97 |
1986-11-01 | 9.70 |
1986-12-01 | 9.31 |
1987-01-01 | 9.20 |
1987-02-01 | 9.08 |
1987-03-01 | 9.04 |
1987-04-01 | 9.83 |
1987-05-01 | 10.60 |
1987-06-01 | 10.54 |
1987-07-01 | 10.28 |
1987-08-01 | 10.33 |
1987-09-01 | 10.89 |
1987-10-01 | 11.26 |
1987-11-01 | 10.65 |
1987-12-01 | 10.65 |
1988-01-01 | 10.43 |
1988-02-01 | 9.89 |
1988-03-01 | 9.93 |
1988-04-01 | 10.20 |
1988-05-01 | 10.46 |
1988-06-01 | 10.46 |
1988-07-01 | 10.43 |
1988-08-01 | 10.60 |
1988-09-01 | 10.48 |
1988-10-01 | 10.30 |
1988-11-01 | 10.27 |
1988-12-01 | 10.61 |
1989-01-01 | 10.73 |
1989-02-01 | 10.65 |
1989-03-01 | 11.03 |
1989-04-01 | 11.05 |
1989-05-01 | 10.77 |
1989-06-01 | 10.20 |
1989-07-01 | 9.88 |
1989-08-01 | 9.99 |
1989-09-01 | 10.13 |
1989-10-01 | 9.95 |
1989-11-01 | 9.77 |
1989-12-01 | 9.74 |
1990-01-01 | 9.90 |
1990-02-01 | 10.20 |
1990-03-01 | 10.27 |
1990-04-01 | 10.37 |
1990-05-01 | 10.48 |
1990-06-01 | 10.16 |
1990-07-01 | 10.04 |
1990-08-01 | 10.10 |
1990-09-01 | 10.18 |
1990-10-01 | 10.18 |
1990-11-01 | 10.01 |
1990-12-01 | 9.67 |
1991-01-01 | 9.64 |
1991-02-01 | 9.37 |
1991-03-01 | 9.50 |
1991-04-01 | 9.49 |
1991-05-01 | 9.47 |
1991-06-01 | 9.62 |
1991-07-01 | 9.58 |
1991-08-01 | 9.24 |
1991-09-01 | 9.01 |
1991-10-01 | 8.86 |
1991-11-01 | 8.71 |
1991-12-01 | 8.50 |
1992-01-01 | 8.43 |
1992-02-01 | 8.76 |
1992-03-01 | 8.94 |
1992-04-01 | 8.85 |
1992-05-01 | 8.67 |
1992-06-01 | 8.51 |
1992-07-01 | 8.13 |
1992-08-01 | 7.98 |
1992-09-01 | 7.92 |
1992-10-01 | 8.09 |
1992-11-01 | 8.31 |
1992-12-01 | 8.22 |
1993-01-01 | 8.02 |
1993-02-01 | 7.68 |
1993-03-01 | 7.50 |
1993-04-01 | 7.47 |
1993-05-01 | 7.47 |
1993-06-01 | 7.42 |
1993-07-01 | 7.21 |
1993-08-01 | 7.11 |
1993-09-01 | 6.92 |
1993-10-01 | 6.83 |
1993-11-01 | 7.16 |
1993-12-01 | 7.17 |
1994-01-01 | 7.06 |
1994-02-01 | 7.15 |
1994-03-01 | 7.68 |
1994-04-01 | 8.32 |
1994-05-01 | 8.60 |
1994-06-01 | 8.40 |
1994-07-01 | 8.61 |
1994-08-01 | 8.51 |
1994-09-01 | 8.64 |
1994-10-01 | 8.93 |
1994-11-01 | 9.17 |
1994-12-01 | 9.20 |
1995-01-01 | 9.15 |
1995-02-01 | 8.83 |
1995-03-01 | 8.46 |
1995-04-01 | 8.32 |
1995-05-01 | 7.96 |
1995-06-01 | 7.57 |
1995-07-01 | 7.61 |
1995-08-01 | 7.86 |
1995-09-01 | 7.64 |
1995-10-01 | 7.48 |
1995-11-01 | 7.38 |
1995-12-01 | 7.20 |
1996-01-01 | 7.03 |
1996-02-01 | 7.08 |
1996-03-01 | 7.62 |
1996-04-01 | 7.93 |
1996-05-01 | 8.07 |
1996-06-01 | 8.32 |
1996-07-01 | 8.25 |
1996-08-01 | 8.00 |
1996-09-01 | 8.23 |
1996-10-01 | 7.92 |
1996-11-01 | 7.62 |
1996-12-01 | 7.60 |
1997-01-01 | 7.82 |
1997-02-01 | 7.65 |
1997-03-01 | 7.90 |
1997-04-01 | 8.14 |
1997-05-01 | 7.94 |
1997-06-01 | 7.69 |
1997-07-01 | 7.50 |
1997-08-01 | 7.48 |
1997-09-01 | 7.43 |
1997-10-01 | 7.29 |
1997-11-01 | 7.21 |
1997-12-01 | 7.10 |
1998-01-01 | 6.99 |
1998-02-01 | 7.04 |
1998-03-01 | 7.13 |
1998-04-01 | 7.14 |
1998-05-01 | 7.14 |
1998-06-01 | 7.00 |
1998-07-01 | 6.95 |
1998-08-01 | 6.92 |
1998-09-01 | 6.72 |
1998-10-01 | 6.71 |
1998-11-01 | 6.87 |
1998-12-01 | 6.72 |
1999-01-01 | 6.79 |
1999-02-01 | 6.81 |
1999-03-01 | 7.04 |
1999-04-01 | 6.92 |
1999-05-01 | 7.15 |
1999-06-01 | 7.55 |
1999-07-01 | 7.63 |
1999-08-01 | 7.94 |
1999-09-01 | 7.82 |
1999-10-01 | 7.85 |
1999-11-01 | 7.74 |
1999-12-01 | 7.91 |
2000-01-01 | 8.21 |
2000-02-01 | 8.33 |
2000-03-01 | 8.24 |
2000-04-01 | 8.15 |
2000-05-01 | 8.52 |
2000-06-01 | 8.29 |
2000-07-01 | 8.15 |
2000-08-01 | 8.03 |
2000-09-01 | 7.91 |
2000-10-01 | 7.80 |
2000-11-01 | 7.75 |
2000-12-01 | 7.38 |
2001-01-01 | 7.03 |
2001-02-01 | 7.05 |
2001-03-01 | 6.95 |
2001-04-01 | 7.08 |
2001-05-01 | 7.15 |
2001-06-01 | 7.16 |
2001-07-01 | 7.13 |
2001-08-01 | 6.95 |
2001-09-01 | 6.82 |
2001-10-01 | 6.62 |
2001-11-01 | 6.66 |
2001-12-01 | 7.07 |
2002-01-01 | 7.00 |
2002-02-01 | 6.89 |
2002-03-01 | 7.01 |
2002-04-01 | 6.99 |
2002-05-01 | 6.81 |
2002-06-01 | 6.65 |
2002-07-01 | 6.49 |
2002-08-01 | 6.29 |
2002-09-01 | 6.09 |
2002-10-01 | 6.11 |
2002-11-01 | 6.07 |
2002-12-01 | 6.05 |
2003-01-01 | 5.92 |
2003-02-01 | 5.84 |
2003-03-01 | 5.75 |
2003-04-01 | 5.81 |
2003-05-01 | 5.48 |
2003-06-01 | 5.23 |
2003-07-01 | 5.63 |
2003-08-01 | 6.26 |
2003-09-01 | 6.15 |
2003-10-01 | 5.95 |
2003-11-01 | 5.93 |
2003-12-01 | 5.88 |
2004-01-01 | 5.74 |
2004-02-01 | 5.64 |
2004-03-01 | 5.45 |
2004-04-01 | 5.83 |
2004-05-01 | 6.27 |
2004-06-01 | 6.29 |
2004-07-01 | 6.06 |
2004-08-01 | 5.87 |
2004-09-01 | 5.75 |
2004-10-01 | 5.72 |
2004-11-01 | 5.73 |
2004-12-01 | 5.75 |
2005-01-01 | 5.71 |
2005-02-01 | 5.63 |
2005-03-01 | 5.93 |
2005-04-01 | 5.86 |
2005-05-01 | 5.72 |
2005-06-01 | 5.58 |
2005-07-01 | 5.70 |
2005-08-01 | 5.82 |
2005-09-01 | 5.77 |
2005-10-01 | 6.07 |
2005-11-01 | 6.33 |
2005-12-01 | 6.27 |
2006-01-01 | 6.15 |
2006-02-01 | 6.25 |
2006-03-01 | 6.32 |
2006-04-01 | 6.51 |
2006-05-01 | 6.60 |
2006-06-01 | 6.68 |
2006-07-01 | 6.76 |
2006-08-01 | 6.52 |
2006-09-01 | 6.40 |
2006-10-01 | 6.36 |
2006-11-01 | 6.24 |
2006-12-01 | 6.14 |
2007-01-01 | 6.22 |
2007-02-01 | 6.29 |
2007-03-01 | 6.16 |
2007-04-01 | 6.18 |
2007-05-01 | 6.26 |
2007-06-01 | 6.66 |
2007-07-01 | 6.70 |
2007-08-01 | 6.57 |
2007-09-01 | 6.38 |
2007-10-01 | 6.38 |
2007-11-01 | 6.21 |
2007-12-01 | 6.10 |
2008-01-01 | 5.76 |
2008-02-01 | 5.92 |
2008-03-01 | 5.97 |
2008-04-01 | 5.92 |
2008-05-01 | 6.04 |
2008-06-01 | 6.32 |
2008-07-01 | 6.43 |
2008-08-01 | 6.48 |
2008-09-01 | 6.04 |
2008-10-01 | 6.20 |
2008-11-01 | 6.09 |
2008-12-01 | 5.33 |
2009-01-01 | 5.06 |
2009-02-01 | 5.13 |
2009-03-01 | 5.00 |
2009-04-01 | 4.81 |
2009-05-01 | 4.86 |
2009-06-01 | 5.42 |
2009-07-01 | 5.22 |
2009-08-01 | 5.19 |
2009-09-01 | 5.06 |
2009-10-01 | 4.95 |
2009-11-01 | 4.88 |
2009-12-01 | 4.93 |
2010-01-01 | 5.03 |
2010-02-01 | 4.99 |
2010-03-01 | 4.97 |
2010-04-01 | 5.10 |
2010-05-01 | 4.89 |
2010-06-01 | 4.74 |
2010-07-01 | 4.56 |
2010-08-01 | 4.43 |
2010-09-01 | 4.35 |
2010-10-01 | 4.23 |
2010-11-01 | 4.30 |
2010-12-01 | 4.71 |
2011-01-01 | 4.76 |
2011-02-01 | 4.95 |
2011-03-01 | 4.84 |
2011-04-01 | 4.84 |
2011-05-01 | 4.64 |
2011-06-01 | 4.51 |
2011-07-01 | 4.55 |
2011-08-01 | 4.27 |
2011-09-01 | 4.11 |
2011-10-01 | 4.07 |
2011-11-01 | 3.99 |
2011-12-01 | 3.96 |
2012-01-01 | 3.92 |
2012-02-01 | 3.89 |
2012-03-01 | 3.95 |
2012-04-01 | 3.91 |
2012-05-01 | 3.80 |
2012-06-01 | 3.68 |
2012-07-01 | 3.55 |
2012-08-01 | 3.60 |
2012-09-01 | 3.50 |
2012-10-01 | 3.38 |
2012-11-01 | 3.35 |
2012-12-01 | 3.35 |
2013-01-01 | 3.41 |
2013-02-01 | 3.53 |
2013-03-01 | 3.57 |
2013-04-01 | 3.45 |
2013-05-01 | 3.54 |
2013-06-01 | 4.07 |
2013-07-01 | 4.37 |
2013-08-01 | 4.46 |
2013-09-01 | 4.49 |
2013-10-01 | 4.19 |
2013-11-01 | 4.26 |
2013-12-01 | 4.46 |
2014-01-01 | 4.43 |
2014-02-01 | 4.30 |
2014-03-01 | 4.34 |
2014-04-01 | 4.34 |
2014-05-01 | 4.19 |
2014-06-01 | 4.16 |
2014-07-01 | 4.13 |
2014-08-01 | 4.12 |
2014-09-01 | 4.16 |
2014-10-01 | 4.04 |
2014-11-01 | 4.00 |
2014-12-01 | 3.86 |
2015-01-01 | 3.71 |
2015-02-01 | 3.71 |
2015-03-01 | 3.77 |
2015-04-01 | 3.67 |
2015-05-01 | 3.84 |
2015-06-01 | 3.98 |
2015-07-01 | 4.05 |
2015-08-01 | 3.91 |
2015-09-01 | 3.89 |
2015-10-01 | 3.80 |
2015-11-01 | 3.94 |
2015-12-01 | 3.96 |
2016-01-01 | 3.87 |
2016-02-01 | 3.66 |
2016-03-01 | 3.69 |
2016-04-01 | 3.61 |
2016-05-01 | 3.60 |
2016-06-01 | 3.57 |
2016-07-01 | 3.44 |
2016-08-01 | 3.44 |
2016-09-01 | 3.46 |
The graphical representation of the monthly data of interest rate for 30-year conventional mortgage since 1975 is as follows:
The monthly data bank prime rate since 1975 is as follows:
Date | Bank prime rate: monthly |
1975-01-01 | 10.05 |
1975-02-01 | 8.96 |
1975-03-01 | 7.93 |
1975-04-01 | 7.50 |
1975-05-01 | 7.40 |
1975-06-01 | 7.07 |
1975-07-01 | 7.15 |
1975-08-01 | 7.66 |
1975-09-01 | 7.88 |
1975-10-01 | 7.96 |
1975-11-01 | 7.53 |
1975-12-01 | 7.26 |
1976-01-01 | 7.00 |
1976-02-01 | 6.75 |
1976-03-01 | 6.75 |
1976-04-01 | 6.75 |
1976-05-01 | 6.75 |
1976-06-01 | 7.20 |
1976-07-01 | 7.25 |
1976-08-01 | 7.01 |
1976-09-01 | 7.00 |
1976-10-01 | 6.77 |
1976-11-01 | 6.50 |
1976-12-01 | 6.35 |
1977-01-01 | 6.25 |
1977-02-01 | 6.25 |
1977-03-01 | 6.25 |
1977-04-01 | 6.25 |
1977-05-01 | 6.41 |
1977-06-01 | 6.75 |
1977-07-01 | 6.75 |
1977-08-01 | 6.83 |
1977-09-01 | 7.13 |
1977-10-01 | 7.52 |
1977-11-01 | 7.75 |
1977-12-01 | 7.75 |
1978-01-01 | 7.93 |
1978-02-01 | 8.00 |
1978-03-01 | 8.00 |
1978-04-01 | 8.00 |
1978-05-01 | 8.27 |
1978-06-01 | 8.63 |
1978-07-01 | 9.00 |
1978-08-01 | 9.01 |
1978-09-01 | 9.41 |
1978-10-01 | 9.94 |
1978-11-01 | 10.94 |
1978-12-01 | 11.55 |
1979-01-01 | 11.75 |
1979-02-01 | 11.75 |
1979-03-01 | 11.75 |
1979-04-01 | 11.75 |
1979-05-01 | 11.75 |
1979-06-01 | 11.65 |
1979-07-01 | 11.54 |
1979-08-01 | 11.91 |
1979-09-01 | 12.90 |
1979-10-01 | 14.39 |
1979-11-01 | 15.55 |
1979-12-01 | 15.30 |
1980-01-01 | 15.25 |
1980-02-01 | 15.63 |
1980-03-01 | 18.31 |
1980-04-01 | 19.77 |
1980-05-01 | 16.57 |
1980-06-01 | 12.63 |
1980-07-01 | 11.48 |
1980-08-01 | 11.12 |
1980-09-01 | 12.23 |
1980-10-01 | 13.79 |
1980-11-01 | 16.06 |
1980-12-01 | 20.35 |
1981-01-01 | 20.16 |
1981-02-01 | 19.43 |
1981-03-01 | 18.05 |
1981-04-01 | 17.15 |
1981-05-01 | 19.61 |
1981-06-01 | 20.03 |
1981-07-01 | 20.39 |
1981-08-01 | 20.50 |
1981-09-01 | 20.08 |
1981-10-01 | 18.45 |
1981-11-01 | 16.84 |
1981-12-01 | 15.75 |
1982-01-01 | 15.75 |
1982-02-01 | 16.56 |
1982-03-01 | 16.50 |
1982-04-01 | 16.50 |
1982-05-01 | 16.50 |
1982-06-01 | 16.50 |
1982-07-01 | 16.26 |
1982-08-01 | 14.39 |
1982-09-01 | 13.50 |
1982-10-01 | 12.52 |
1982-11-01 | 11.85 |
1982-12-01 | 11.50 |
1983-01-01 | 11.16 |
1983-02-01 | 10.98 |
1983-03-01 | 10.50 |
1983-04-01 | 10.50 |
1983-05-01 | 10.50 |
1983-06-01 | 10.50 |
1983-07-01 | 10.50 |
1983-08-01 | 10.89 |
1983-09-01 | 11.00 |
1983-10-01 | 11.00 |
1983-11-01 | 11.00 |
1983-12-01 | 11.00 |
1984-01-01 | 11.00 |
1984-02-01 | 11.00 |
1984-03-01 | 11.21 |
1984-04-01 | 11.93 |
1984-05-01 | 12.39 |
1984-06-01 | 12.60 |
1984-07-01 | 13.00 |
1984-08-01 | 13.00 |
1984-09-01 | 12.97 |
1984-10-01 | 12.58 |
1984-11-01 | 11.77 |
1984-12-01 | 11.06 |
1985-01-01 | 10.61 |
1985-02-01 | 10.50 |
1985-03-01 | 10.50 |
1985-04-01 | 10.50 |
1985-05-01 | 10.31 |
1985-06-01 | 9.78 |
1985-07-01 | 9.50 |
1985-08-01 | 9.50 |
1985-09-01 | 9.50 |
1985-10-01 | 9.50 |
1985-11-01 | 9.50 |
1985-12-01 | 9.50 |
1986-01-01 | 9.50 |
1986-02-01 | 9.50 |
1986-03-01 | 9.10 |
1986-04-01 | 8.83 |
1986-05-01 | 8.50 |
1986-06-01 | 8.50 |
1986-07-01 | 8.16 |
1986-08-01 | 7.90 |
1986-09-01 | 7.50 |
1986-10-01 | 7.50 |
1986-11-01 | 7.50 |
1986-12-01 | 7.50 |
1987-01-01 | 7.50 |
1987-02-01 | 7.50 |
1987-03-01 | 7.50 |
1987-04-01 | 7.75 |
1987-05-01 | 8.14 |
1987-06-01 | 8.25 |
1987-07-01 | 8.25 |
1987-08-01 | 8.25 |
1987-09-01 | 8.70 |
1987-10-01 | 9.07 |
1987-11-01 | 8.78 |
1987-12-01 | 8.75 |
1988-01-01 | 8.75 |
1988-02-01 | 8.51 |
1988-03-01 | 8.50 |
1988-04-01 | 8.50 |
1988-05-01 | 8.84 |
1988-06-01 | 9.00 |
1988-07-01 | 9.29 |
1988-08-01 | 9.84 |
1988-09-01 | 10.00 |
1988-10-01 | 10.00 |
1988-11-01 | 10.05 |
1988-12-01 | 10.50 |
1989-01-01 | 10.50 |
1989-02-01 | 10.93 |
1989-03-01 | 11.50 |
1989-04-01 | 11.50 |
1989-05-01 | 11.50 |
1989-06-01 | 11.07 |
1989-07-01 | 10.98 |
1989-08-01 | 10.50 |
1989-09-01 | 10.50 |
1989-10-01 | 10.50 |
1989-11-01 | 10.50 |
1989-12-01 | 10.50 |
1990-01-01 | 10.11 |
1990-02-01 | 10.00 |
1990-03-01 | 10.00 |
1990-04-01 | 10.00 |
1990-05-01 | 10.00 |
1990-06-01 | 10.00 |
1990-07-01 | 10.00 |
1990-08-01 | 10.00 |
1990-09-01 | 10.00 |
1990-10-01 | 10.00 |
1990-11-01 | 10.00 |
1990-12-01 | 10.00 |
1991-01-01 | 9.52 |
1991-02-01 | 9.05 |
1991-03-01 | 9.00 |
1991-04-01 | 9.00 |
1991-05-01 | 8.50 |
1991-06-01 | 8.50 |
1991-07-01 | 8.50 |
1991-08-01 | 8.50 |
1991-09-01 | 8.20 |
1991-10-01 | 8.00 |
1991-11-01 | 7.58 |
1991-12-01 | 7.21 |
1992-01-01 | 6.50 |
1992-02-01 | 6.50 |
1992-03-01 | 6.50 |
1992-04-01 | 6.50 |
1992-05-01 | 6.50 |
1992-06-01 | 6.50 |
1992-07-01 | 6.02 |
1992-08-01 | 6.00 |
1992-09-01 | 6.00 |
1992-10-01 | 6.00 |
1992-11-01 | 6.00 |
1992-12-01 | 6.00 |
1993-01-01 | 6.00 |
1993-02-01 | 6.00 |
1993-03-01 | 6.00 |
1993-04-01 | 6.00 |
1993-05-01 | 6.00 |
1993-06-01 | 6.00 |
1993-07-01 | 6.00 |
1993-08-01 | 6.00 |
1993-09-01 | 6.00 |
1993-10-01 | 6.00 |
1993-11-01 | 6.00 |
1993-12-01 | 6.00 |
1994-01-01 | 6.00 |
1994-02-01 | 6.00 |
1994-03-01 | 6.06 |
1994-04-01 | 6.45 |
1994-05-01 | 6.99 |
1994-06-01 | 7.25 |
1994-07-01 | 7.25 |
1994-08-01 | 7.51 |
1994-09-01 | 7.75 |
1994-10-01 | 7.75 |
1994-11-01 | 8.15 |
1994-12-01 | 8.50 |
1995-01-01 | 8.50 |
1995-02-01 | 9.00 |
1995-03-01 | 9.00 |
1995-04-01 | 9.00 |
1995-05-01 | 9.00 |
1995-06-01 | 9.00 |
1995-07-01 | 8.80 |
1995-08-01 | 8.75 |
1995-09-01 | 8.75 |
1995-10-01 | 8.75 |
1995-11-01 | 8.75 |
1995-12-01 | 8.65 |
1996-01-01 | 8.50 |
1996-02-01 | 8.25 |
1996-03-01 | 8.25 |
1996-04-01 | 8.25 |
1996-05-01 | 8.25 |
1996-06-01 | 8.25 |
1996-07-01 | 8.25 |
1996-08-01 | 8.25 |
1996-09-01 | 8.25 |
1996-10-01 | 8.25 |
1996-11-01 | 8.25 |
1996-12-01 | 8.25 |
1997-01-01 | 8.25 |
1997-02-01 | 8.25 |
1997-03-01 | 8.30 |
1997-04-01 | 8.50 |
1997-05-01 | 8.50 |
1997-06-01 | 8.50 |
1997-07-01 | 8.50 |
1997-08-01 | 8.50 |
1997-09-01 | 8.50 |
1997-10-01 | 8.50 |
1997-11-01 | 8.50 |
1997-12-01 | 8.50 |
1998-01-01 | 8.50 |
1998-02-01 | 8.50 |
1998-03-01 | 8.50 |
1998-04-01 | 8.50 |
1998-05-01 | 8.50 |
1998-06-01 | 8.50 |
1998-07-01 | 8.50 |
1998-08-01 | 8.50 |
1998-09-01 | 8.49 |
1998-10-01 | 8.12 |
1998-11-01 | 7.89 |
1998-12-01 | 7.75 |
1999-01-01 | 7.75 |
1999-02-01 | 7.75 |
1999-03-01 | 7.75 |
1999-04-01 | 7.75 |
1999-05-01 | 7.75 |
1999-06-01 | 7.75 |
1999-07-01 | 8.00 |
1999-08-01 | 8.06 |
1999-09-01 | 8.25 |
1999-10-01 | 8.25 |
1999-11-01 | 8.37 |
1999-12-01 | 8.50 |
2000-01-01 | 8.50 |
2000-02-01 | 8.73 |
2000-03-01 | 8.83 |
2000-04-01 | 9.00 |
2000-05-01 | 9.24 |
2000-06-01 | 9.50 |
2000-07-01 | 9.50 |
2000-08-01 | 9.50 |
2000-09-01 | 9.50 |
2000-10-01 | 9.50 |
2000-11-01 | 9.50 |
2000-12-01 | 9.50 |
2001-01-01 | 9.05 |
2001-02-01 | 8.50 |
2001-03-01 | 8.32 |
2001-04-01 | 7.80 |
2001-05-01 | 7.24 |
2001-06-01 | 6.98 |
2001-07-01 | 6.75 |
2001-08-01 | 6.67 |
2001-09-01 | 6.28 |
2001-10-01 | 5.53 |
2001-11-01 | 5.10 |
2001-12-01 | 4.84 |
2002-01-01 | 4.75 |
2002-02-01 | 4.75 |
2002-03-01 | 4.75 |
2002-04-01 | 4.75 |
2002-05-01 | 4.75 |
2002-06-01 | 4.75 |
2002-07-01 | 4.75 |
2002-08-01 | 4.75 |
2002-09-01 | 4.75 |
2002-10-01 | 4.75 |
2002-11-01 | 4.35 |
2002-12-01 | 4.25 |
2003-01-01 | 4.25 |
2003-02-01 | 4.25 |
2003-03-01 | 4.25 |
2003-04-01 | 4.25 |
2003-05-01 | 4.25 |
2003-06-01 | 4.22 |
2003-07-01 | 4.00 |
2003-08-01 | 4.00 |
2003-09-01 | 4.00 |
2003-10-01 | 4.00 |
2003-11-01 | 4.00 |
2003-12-01 | 4.00 |
2004-01-01 | 4.00 |
2004-02-01 | 4.00 |
2004-03-01 | 4.00 |
2004-04-01 | 4.00 |
2004-05-01 | 4.00 |
2004-06-01 | 4.01 |
2004-07-01 | 4.25 |
2004-08-01 | 4.43 |
2004-09-01 | 4.58 |
2004-10-01 | 4.75 |
2004-11-01 | 4.93 |
2004-12-01 | 5.15 |
2005-01-01 | 5.25 |
2005-02-01 | 5.49 |
2005-03-01 | 5.58 |
2005-04-01 | 5.75 |
2005-05-01 | 5.98 |
2005-06-01 | 6.01 |
2005-07-01 | 6.25 |
2005-08-01 | 6.44 |
2005-09-01 | 6.59 |
2005-10-01 | 6.75 |
2005-11-01 | 7.00 |
2005-12-01 | 7.15 |
2006-01-01 | 7.26 |
2006-02-01 | 7.50 |
2006-03-01 | 7.53 |
2006-04-01 | 7.75 |
2006-05-01 | 7.93 |
2006-06-01 | 8.02 |
2006-07-01 | 8.25 |
2006-08-01 | 8.25 |
2006-09-01 | 8.25 |
2006-10-01 | 8.25 |
2006-11-01 | 8.25 |
2006-12-01 | 8.25 |
2007-01-01 | 8.25 |
2007-02-01 | 8.25 |
2007-03-01 | 8.25 |
2007-04-01 | 8.25 |
2007-05-01 | 8.25 |
2007-06-01 | 8.25 |
2007-07-01 | 8.25 |
2007-08-01 | 8.25 |
2007-09-01 | 8.03 |
2007-10-01 | 7.74 |
2007-11-01 | 7.50 |
2007-12-01 | 7.33 |
2008-01-01 | 6.98 |
2008-02-01 | 6.00 |
2008-03-01 | 5.66 |
2008-04-01 | 5.24 |
2008-05-01 | 5.00 |
2008-06-01 | 5.00 |
2008-07-01 | 5.00 |
2008-08-01 | 5.00 |
2008-09-01 | 5.00 |
2008-10-01 | 4.56 |
2008-11-01 | 4.00 |
2008-12-01 | 3.61 |
2009-01-01 | 3.25 |
2009-02-01 | 3.25 |
2009-03-01 | 3.25 |
2009-04-01 | 3.25 |
2009-05-01 | 3.25 |
2009-06-01 | 3.25 |
2009-07-01 | 3.25 |
2009-08-01 | 3.25 |
2009-09-01 | 3.25 |
2009-10-01 | 3.25 |
2009-11-01 | 3.25 |
2009-12-01 | 3.25 |
2010-01-01 | 3.25 |
2010-02-01 | 3.25 |
2010-03-01 | 3.25 |
2010-04-01 | 3.25 |
2010-05-01 | 3.25 |
2010-06-01 | 3.25 |
2010-07-01 | 3.25 |
2010-08-01 | 3.25 |
2010-09-01 | 3.25 |
2010-10-01 | 3.25 |
2010-11-01 | 3.25 |
2010-12-01 | 3.25 |
2011-01-01 | 3.25 |
2011-02-01 | 3.25 |
2011-03-01 | 3.25 |
2011-04-01 | 3.25 |
2011-05-01 | 3.25 |
2011-06-01 | 3.25 |
2011-07-01 | 3.25 |
2011-08-01 | 3.25 |
2011-09-01 | 3.25 |
2011-10-01 | 3.25 |
2011-11-01 | 3.25 |
2011-12-01 | 3.25 |
2012-01-01 | 3.25 |
2012-02-01 | 3.25 |
2012-03-01 | 3.25 |
2012-04-01 | 3.25 |
2012-05-01 | 3.25 |
2012-06-01 | 3.25 |
2012-07-01 | 3.25 |
2012-08-01 | 3.25 |
2012-09-01 | 3.25 |
2012-10-01 | 3.25 |
2012-11-01 | 3.25 |
2012-12-01 | 3.25 |
2013-01-01 | 3.25 |
2013-02-01 | 3.25 |
2013-03-01 | 3.25 |
2013-04-01 | 3.25 |
2013-05-01 | 3.25 |
2013-06-01 | 3.25 |
2013-07-01 | 3.25 |
2013-08-01 | 3.25 |
2013-09-01 | 3.25 |
2013-10-01 | 3.25 |
2013-11-01 | 3.25 |
2013-12-01 | 3.25 |
2014-01-01 | 3.25 |
2014-02-01 | 3.25 |
2014-03-01 | 3.25 |
2014-04-01 | 3.25 |
2014-05-01 | 3.25 |
2014-06-01 | 3.25 |
2014-07-01 | 3.25 |
2014-08-01 | 3.25 |
2014-09-01 | 3.25 |
2014-10-01 | 3.25 |
2014-11-01 | 3.25 |
2014-12-01 | 3.25 |
2015-01-01 | 3.25 |
2015-02-01 | 3.25 |
2015-03-01 | 3.25 |
2015-04-01 | 3.25 |
2015-05-01 | 3.25 |
2015-06-01 | 3.25 |
2015-07-01 | 3.25 |
2015-08-01 | 3.25 |
2015-09-01 | 3.25 |
2015-10-01 | 3.25 |
2015-11-01 | 3.25 |
2015-12-01 | 3.37 |
2016-01-01 | 3.50 |
2016-02-01 | 3.50 |
2016-03-01 | 3.50 |
2016-04-01 | 3.50 |
2016-05-01 | 3.50 |
2016-06-01 | 3.50 |
2016-07-01 | 3.50 |
2016-08-01 | 3.50 |
2016-09-01 | 3.50 |
2016-10-01 | 3.50 |
2016-11-01 | 3.50 |
2016-12-01 | 3.64 |
2017-01-01 | 3.75 |
2017-02-01 | 3.75 |
2017-03-01 | 3.88 |
2017-04-01 | 4.00 |
2017-05-01 | 4.00 |
2017-06-01 | 4.13 |
2017-07-01 | 4.25 |
2017-08-01 | 4.25 |
2017-09-01 | 4.25 |
2017-10-01 | 4.25 |
2017-11-01 | 4.25 |
2017-12-01 | 4.40 |
2018-01-01 | 4.50 |
2018-02-01 | 4.50 |
2018-03-01 | 4.58 |
2018-04-01 | 4.75 |
2018-05-01 | 4.75 |
2018-06-01 | 4.89 |
2018-07-01 | 5.00 |
2018-08-01 | 5.00 |
2018-09-01 | 5.03 |
2018-10-01 | 5.25 |
2018-11-01 | 5.25 |
2018-12-01 | 5.35 |
2019-01-01 | 5.50 |
The graphical representation of the monthly data bank prime rate since 1975 is as follows:
The monthly data for 10-year Treasury bond yield since 1975 is as follows:
Date | 10-year Treasury bond yield: monthly |
1975-01-01 | 7.50 |
1975-02-01 | 7.39 |
1975-03-01 | 7.73 |
1975-04-01 | 8.23 |
1975-05-01 | 8.06 |
1975-06-01 | 7.86 |
1975-07-01 | 8.06 |
1975-08-01 | 8.40 |
1975-09-01 | 8.43 |
1975-10-01 | 8.14 |
1975-11-01 | 8.05 |
1975-12-01 | 8.00 |
1976-01-01 | 7.74 |
1976-02-01 | 7.79 |
1976-03-01 | 7.73 |
1976-04-01 | 7.56 |
1976-05-01 | 7.90 |
1976-06-01 | 7.86 |
1976-07-01 | 7.83 |
1976-08-01 | 7.77 |
1976-09-01 | 7.59 |
1976-10-01 | 7.41 |
1976-11-01 | 7.29 |
1976-12-01 | 6.87 |
1977-01-01 | 7.21 |
1977-02-01 | 7.39 |
1977-03-01 | 7.46 |
1977-04-01 | 7.37 |
1977-05-01 | 7.46 |
1977-06-01 | 7.28 |
1977-07-01 | 7.33 |
1977-08-01 | 7.40 |
1977-09-01 | 7.34 |
1977-10-01 | 7.52 |
1977-11-01 | 7.58 |
1977-12-01 | 7.69 |
1978-01-01 | 7.96 |
1978-02-01 | 8.03 |
1978-03-01 | 8.04 |
1978-04-01 | 8.15 |
1978-05-01 | 8.35 |
1978-06-01 | 8.46 |
1978-07-01 | 8.64 |
1978-08-01 | 8.41 |
1978-09-01 | 8.42 |
1978-10-01 | 8.64 |
1978-11-01 | 8.81 |
1978-12-01 | 9.01 |
1979-01-01 | 9.10 |
1979-02-01 | 9.10 |
1979-03-01 | 9.12 |
1979-04-01 | 9.18 |
1979-05-01 | 9.25 |
1979-06-01 | 8.91 |
1979-07-01 | 8.95 |
1979-08-01 | 9.03 |
1979-09-01 | 9.33 |
1979-10-01 | 10.30 |
1979-11-01 | 10.65 |
1979-12-01 | 10.39 |
1980-01-01 | 10.80 |
1980-02-01 | 12.41 |
1980-03-01 | 12.75 |
1980-04-01 | 11.47 |
1980-05-01 | 10.18 |
1980-06-01 | 9.78 |
1980-07-01 | 10.25 |
1980-08-01 | 11.10 |
1980-09-01 | 11.51 |
1980-10-01 | 11.75 |
1980-11-01 | 12.68 |
1980-12-01 | 12.84 |
1981-01-01 | 12.57 |
1981-02-01 | 13.19 |
1981-03-01 | 13.12 |
1981-04-01 | 13.68 |
1981-05-01 | 14.10 |
1981-06-01 | 13.47 |
1981-07-01 | 14.28 |
1981-08-01 | 14.94 |
1981-09-01 | 15.32 |
1981-10-01 | 15.15 |
1981-11-01 | 13.39 |
1981-12-01 | 13.72 |
1982-01-01 | 14.59 |
1982-02-01 | 14.43 |
1982-03-01 | 13.86 |
1982-04-01 | 13.87 |
1982-05-01 | 13.62 |
1982-06-01 | 14.30 |
1982-07-01 | 13.95 |
1982-08-01 | 13.06 |
1982-09-01 | 12.34 |
1982-10-01 | 10.91 |
1982-11-01 | 10.55 |
1982-12-01 | 10.54 |
1983-01-01 | 10.46 |
1983-02-01 | 10.72 |
1983-03-01 | 10.51 |
1983-04-01 | 10.40 |
1983-05-01 | 10.38 |
1983-06-01 | 10.85 |
1983-07-01 | 11.38 |
1983-08-01 | 11.85 |
1983-09-01 | 11.65 |
1983-10-01 | 11.54 |
1983-11-01 | 11.69 |
1983-12-01 | 11.83 |
1984-01-01 | 11.67 |
1984-02-01 | 11.84 |
1984-03-01 | 12.32 |
1984-04-01 | 12.63 |
1984-05-01 | 13.41 |
1984-06-01 | 13.56 |
1984-07-01 | 13.36 |
1984-08-01 | 12.72 |
1984-09-01 | 12.52 |
1984-10-01 | 12.16 |
1984-11-01 | 11.57 |
1984-12-01 | 11.50 |
1985-01-01 | 11.38 |
1985-02-01 | 11.51 |
1985-03-01 | 11.86 |
1985-04-01 | 11.43 |
1985-05-01 | 10.85 |
1985-06-01 | 10.16 |
1985-07-01 | 10.31 |
1985-08-01 | 10.33 |
1985-09-01 | 10.37 |
1985-10-01 | 10.24 |
1985-11-01 | 9.78 |
1985-12-01 | 9.26 |
1986-01-01 | 9.19 |
1986-02-01 | 8.70 |
1986-03-01 | 7.78 |
1986-04-01 | 7.30 |
1986-05-01 | 7.71 |
1986-06-01 | 7.80 |
1986-07-01 | 7.30 |
1986-08-01 | 7.17 |
1986-09-01 | 7.45 |
1986-10-01 | 7.43 |
1986-11-01 | 7.25 |
1986-12-01 | 7.11 |
1987-01-01 | 7.08 |
1987-02-01 | 7.25 |
1987-03-01 | 7.25 |
1987-04-01 | 8.02 |
1987-05-01 | 8.61 |
1987-06-01 | 8.40 |
1987-07-01 | 8.45 |
1987-08-01 | 8.76 |
1987-09-01 | 9.42 |
1987-10-01 | 9.52 |
1987-11-01 | 8.86 |
1987-12-01 | 8.99 |
1988-01-01 | 8.67 |
1988-02-01 | 8.21 |
1988-03-01 | 8.37 |
1988-04-01 | 8.72 |
1988-05-01 | 9.09 |
1988-06-01 | 8.92 |
1988-07-01 | 9.06 |
1988-08-01 | 9.26 |
1988-09-01 | 8.98 |
1988-10-01 | 8.80 |
1988-11-01 | 8.96 |
1988-12-01 | 9.11 |
1989-01-01 | 9.09 |
1989-02-01 | 9.17 |
1989-03-01 | 9.36 |
1989-04-01 | 9.18 |
1989-05-01 | 8.86 |
1989-06-01 | 8.28 |
1989-07-01 | 8.02 |
1989-08-01 | 8.11 |
1989-09-01 | 8.19 |
1989-10-01 | 8.01 |
1989-11-01 | 7.87 |
1989-12-01 | 7.84 |
1990-01-01 | 8.21 |
1990-02-01 | 8.47 |
1990-03-01 | 8.59 |
1990-04-01 | 8.79 |
1990-05-01 | 8.76 |
1990-06-01 | 8.48 |
1990-07-01 | 8.47 |
1990-08-01 | 8.75 |
1990-09-01 | 8.89 |
1990-10-01 | 8.72 |
1990-11-01 | 8.39 |
1990-12-01 | 8.08 |
1991-01-01 | 8.09 |
1991-02-01 | 7.85 |
1991-03-01 | 8.11 |
1991-04-01 | 8.04 |
1991-05-01 | 8.07 |
1991-06-01 | 8.28 |
1991-07-01 | 8.27 |
1991-08-01 | 7.90 |
1991-09-01 | 7.65 |
1991-10-01 | 7.53 |
1991-11-01 | 7.42 |
1991-12-01 | 7.09 |
1992-01-01 | 7.03 |
1992-02-01 | 7.34 |
1992-03-01 | 7.54 |
1992-04-01 | 7.48 |
1992-05-01 | 7.39 |
1992-06-01 | 7.26 |
1992-07-01 | 6.84 |
1992-08-01 | 6.59 |
1992-09-01 | 6.42 |
1992-10-01 | 6.59 |
1992-11-01 | 6.87 |
1992-12-01 | 6.77 |
1993-01-01 | 6.60 |
1993-02-01 | 6.26 |
1993-03-01 | 5.98 |
1993-04-01 | 5.97 |
1993-05-01 | 6.04 |
1993-06-01 | 5.96 |
1993-07-01 | 5.81 |
1993-08-01 | 5.68 |
1993-09-01 | 5.36 |
1993-10-01 | 5.33 |
1993-11-01 | 5.72 |
1993-12-01 | 5.77 |
1994-01-01 | 5.75 |
1994-02-01 | 5.97 |
1994-03-01 | 6.48 |
1994-04-01 | 6.97 |
1994-05-01 | 7.18 |
1994-06-01 | 7.10 |
1994-07-01 | 7.30 |
1994-08-01 | 7.24 |
1994-09-01 | 7.46 |
1994-10-01 | 7.74 |
1994-11-01 | 7.96 |
1994-12-01 | 7.81 |
1995-01-01 | 7.78 |
1995-02-01 | 7.47 |
1995-03-01 | 7.20 |
1995-04-01 | 7.06 |
1995-05-01 | 6.63 |
1995-06-01 | 6.17 |
1995-07-01 | 6.28 |
1995-08-01 | 6.49 |
1995-09-01 | 6.20 |
1995-10-01 | 6.04 |
1995-11-01 | 5.93 |
1995-12-01 | 5.71 |
1996-01-01 | 5.65 |
1996-02-01 | 5.81 |
1996-03-01 | 6.27 |
1996-04-01 | 6.51 |
1996-05-01 | 6.74 |
1996-06-01 | 6.91 |
1996-07-01 | 6.87 |
1996-08-01 | 6.64 |
1996-09-01 | 6.83 |
1996-10-01 | 6.53 |
1996-11-01 | 6.20 |
1996-12-01 | 6.30 |
1997-01-01 | 6.58 |
1997-02-01 | 6.42 |
1997-03-01 | 6.69 |
1997-04-01 | 6.89 |
1997-05-01 | 6.71 |
1997-06-01 | 6.49 |
1997-07-01 | 6.22 |
1997-08-01 | 6.30 |
1997-09-01 | 6.21 |
1997-10-01 | 6.03 |
1997-11-01 | 5.88 |
1997-12-01 | 5.81 |
1998-01-01 | 5.54 |
1998-02-01 | 5.57 |
1998-03-01 | 5.65 |
1998-04-01 | 5.64 |
1998-05-01 | 5.65 |
1998-06-01 | 5.50 |
1998-07-01 | 5.46 |
1998-08-01 | 5.34 |
1998-09-01 | 4.81 |
1998-10-01 | 4.53 |
1998-11-01 | 4.83 |
1998-12-01 | 4.65 |
1999-01-01 | 4.72 |
1999-02-01 | 5.00 |
1999-03-01 | 5.23 |
1999-04-01 | 5.18 |
1999-05-01 | 5.54 |
1999-06-01 | 5.90 |
1999-07-01 | 5.79 |
1999-08-01 | 5.94 |
1999-09-01 | 5.92 |
1999-10-01 | 6.11 |
1999-11-01 | 6.03 |
1999-12-01 | 6.28 |
2000-01-01 | 6.66 |
2000-02-01 | 6.52 |
2000-03-01 | 6.26 |
2000-04-01 | 5.99 |
2000-05-01 | 6.44 |
2000-06-01 | 6.10 |
2000-07-01 | 6.05 |
2000-08-01 | 5.83 |
2000-09-01 | 5.80 |
2000-10-01 | 5.74 |
2000-11-01 | 5.72 |
2000-12-01 | 5.24 |
2001-01-01 | 5.16 |
2001-02-01 | 5.10 |
2001-03-01 | 4.89 |
2001-04-01 | 5.14 |
2001-05-01 | 5.39 |
2001-06-01 | 5.28 |
2001-07-01 | 5.24 |
2001-08-01 | 4.97 |
2001-09-01 | 4.73 |
2001-10-01 | 4.57 |
2001-11-01 | 4.65 |
2001-12-01 | 5.09 |
2002-01-01 | 5.04 |
2002-02-01 | 4.91 |
2002-03-01 | 5.28 |
2002-04-01 | 5.21 |
2002-05-01 | 5.16 |
2002-06-01 | 4.93 |
2002-07-01 | 4.65 |
2002-08-01 | 4.26 |
2002-09-01 | 3.87 |
2002-10-01 | 3.94 |
2002-11-01 | 4.05 |
2002-12-01 | 4.03 |
2003-01-01 | 4.05 |
2003-02-01 | 3.90 |
2003-03-01 | 3.81 |
2003-04-01 | 3.96 |
2003-05-01 | 3.57 |
2003-06-01 | 3.33 |
2003-07-01 | 3.98 |
2003-08-01 | 4.45 |
2003-09-01 | 4.27 |
2003-10-01 | 4.29 |
2003-11-01 | 4.30 |
2003-12-01 | 4.27 |
2004-01-01 | 4.15 |
2004-02-01 | 4.08 |
2004-03-01 | 3.83 |
2004-04-01 | 4.35 |
2004-05-01 | 4.72 |
2004-06-01 | 4.73 |
2004-07-01 | 4.50 |
2004-08-01 | 4.28 |
2004-09-01 | 4.13 |
2004-10-01 | 4.10 |
2004-11-01 | 4.19 |
2004-12-01 | 4.23 |
2005-01-01 | 4.22 |
2005-02-01 | 4.17 |
2005-03-01 | 4.50 |
2005-04-01 | 4.34 |
2005-05-01 | 4.14 |
2005-06-01 | 4.00 |
2005-07-01 | 4.18 |
2005-08-01 | 4.26 |
2005-09-01 | 4.20 |
2005-10-01 | 4.46 |
2005-11-01 | 4.54 |
2005-12-01 | 4.47 |
2006-01-01 | 4.42 |
2006-02-01 | 4.57 |
2006-03-01 | 4.72 |
2006-04-01 | 4.99 |
2006-05-01 | 5.11 |
2006-06-01 | 5.11 |
2006-07-01 | 5.09 |
2006-08-01 | 4.88 |
2006-09-01 | 4.72 |
2006-10-01 | 4.73 |
2006-11-01 | 4.60 |
2006-12-01 | 4.56 |
2007-01-01 | 4.76 |
2007-02-01 | 4.72 |
2007-03-01 | 4.56 |
2007-04-01 | 4.69 |
2007-05-01 | 4.75 |
2007-06-01 | 5.10 |
2007-07-01 | 5.00 |
2007-08-01 | 4.67 |
2007-09-01 | 4.52 |
2007-10-01 | 4.53 |
2007-11-01 | 4.15 |
2007-12-01 | 4.10 |
2008-01-01 | 3.74 |
2008-02-01 | 3.74 |
2008-03-01 | 3.51 |
2008-04-01 | 3.68 |
2008-05-01 | 3.88 |
2008-06-01 | 4.10 |
2008-07-01 | 4.01 |
2008-08-01 | 3.89 |
2008-09-01 | 3.69 |
2008-10-01 | 3.81 |
2008-11-01 | 3.53 |
2008-12-01 | 2.42 |
2009-01-01 | 2.52 |
2009-02-01 | 2.87 |
2009-03-01 | 2.82 |
2009-04-01 | 2.93 |
2009-05-01 | 3.29 |
2009-06-01 | 3.72 |
2009-07-01 | 3.56 |
2009-08-01 | 3.59 |
2009-09-01 | 3.40 |
2009-10-01 | 3.39 |
2009-11-01 | 3.40 |
2009-12-01 | 3.59 |
2010-01-01 | 3.73 |
2010-02-01 | 3.69 |
2010-03-01 | 3.73 |
2010-04-01 | 3.85 |
2010-05-01 | 3.42 |
2010-06-01 | 3.20 |
2010-07-01 | 3.01 |
2010-08-01 | 2.70 |
2010-09-01 | 2.65 |
2010-10-01 | 2.54 |
2010-11-01 | 2.76 |
2010-12-01 | 3.29 |
2011-01-01 | 3.39 |
2011-02-01 | 3.58 |
2011-03-01 | 3.41 |
2011-04-01 | 3.46 |
2011-05-01 | 3.17 |
2011-06-01 | 3.00 |
2011-07-01 | 3.00 |
2011-08-01 | 2.30 |
2011-09-01 | 1.98 |
2011-10-01 | 2.15 |
2011-11-01 | 2.01 |
2011-12-01 | 1.98 |
2012-01-01 | 1.97 |
2012-02-01 | 1.97 |
2012-03-01 | 2.17 |
2012-04-01 | 2.05 |
2012-05-01 | 1.80 |
2012-06-01 | 1.62 |
2012-07-01 | 1.53 |
2012-08-01 | 1.68 |
2012-09-01 | 1.72 |
2012-10-01 | 1.75 |
2012-11-01 | 1.65 |
2012-12-01 | 1.72 |
2013-01-01 | 1.91 |
2013-02-01 | 1.98 |
2013-03-01 | 1.96 |
2013-04-01 | 1.76 |
2013-05-01 | 1.93 |
2013-06-01 | 2.30 |
2013-07-01 | 2.58 |
2013-08-01 | 2.74 |
2013-09-01 | 2.81 |
2013-10-01 | 2.62 |
2013-11-01 | 2.72 |
2013-12-01 | 2.90 |
2014-01-01 | 2.86 |
2014-02-01 | 2.71 |
2014-03-01 | 2.72 |
2014-04-01 | 2.71 |
2014-05-01 | 2.56 |
2014-06-01 | 2.60 |
2014-07-01 | 2.54 |
2014-08-01 | 2.42 |
2014-09-01 | 2.53 |
2014-10-01 | 2.30 |
2014-11-01 | 2.33 |
2014-12-01 | 2.21 |
2015-01-01 | 1.88 |
2015-02-01 | 1.98 |
2015-03-01 | 2.04 |
2015-04-01 | 1.94 |
2015-05-01 | 2.20 |
2015-06-01 | 2.36 |
2015-07-01 | 2.32 |
2015-08-01 | 2.17 |
2015-09-01 | 2.17 |
2015-10-01 | 2.07 |
2015-11-01 | 2.26 |
2015-12-01 | 2.24 |
2016-01-01 | 2.09 |
2016-02-01 | 1.78 |
2016-03-01 | 1.89 |
2016-04-01 | 1.81 |
2016-05-01 | 1.81 |
2016-06-01 | 1.64 |
2016-07-01 | 1.50 |
2016-08-01 | 1.56 |
2016-09-01 | 1.63 |
2016-10-01 | 1.76 |
2016-11-01 | 2.14 |
2016-12-01 | 2.49 |
2017-01-01 | 2.43 |
2017-02-01 | 2.42 |
2017-03-01 | 2.48 |
2017-04-01 | 2.30 |
2017-05-01 | 2.30 |
2017-06-01 | 2.19 |
2017-07-01 | 2.32 |
2017-08-01 | 2.21 |
2017-09-01 | 2.20 |
2017-10-01 | 2.36 |
2017-11-01 | 2.35 |
2017-12-01 | 2.40 |
2018-01-01 | 2.58 |
2018-02-01 | 2.86 |
2018-03-01 | 2.84 |
2018-04-01 | 2.87 |
2018-05-01 | 2.98 |
2018-06-01 | 2.91 |
2018-07-01 | 2.89 |
2018-08-01 | 2.89 |
2018-09-01 | 3.00 |
2018-10-01 | 3.15 |
2018-11-01 | 3.12 |
2018-12-01 | 2.83 |
2019-01-01 | 2.71 |
The graphical representation of the monthly data for the 10-year Treasury bond yield since 1975 is as follows:
From the above diagrams, it is concluded that the prime rate charged by banks tends to be the highest and the interest rate on three-month Treasury bills tends to be the lowest.
The remaining three interest rates, that is, the yield on high-grade corporate bonds, the 30-year conventional mortgage rate, and the yield on ten-year Treasury bonds move together.
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Chapter 4 Solutions
EBK MACROECONOMICS
- For each of the following pairs, which bond would you expect to pay a higher interest rate? Explain! a bond of the U.S. government or a bond of an East European government a bond that repays the principal in year 2015 or a bond that repays the principal in year 2040 a bond from Coca-Cola or a bond from a software company you run in your garage a bond issued by the federal government or a bond issued by New York State 2. Many workers hold large amounts of stock issued by the firms at which they work. Why do you suppose companies encourage this behavior? Why might a person not want to hold stock in the company where he works? 3. Economists in Funlandia, a closed economy, have collected the following information about the economy for a particular year: Y = 10,000; C = 6,000; T = 1,500; G = 1,700. The economists also estimate that the investment function is: I =3,300 –100r where r is the country’s real interest rate, expressed as a percentage. Calculate private saving, public saving,…arrow_forwardGraphically Show each scenario of the market for loanable funds and graph the supply and demand for each of the 4 scenarios. Draw the shift occurring (Supply or Demand) and explain what happens to the equilibrium interest rate in for each of the 4 scenarios 1. A breakthrough in medical technology results in many hospitals wanting to buy new equipment. 2. The government budget deficit is reduced by 50%. 3. Foreign investors buy residential property in the United States. 4. People around the world are worried about financial stability in their countries and choose to move their wealth to U.S. financial markets.arrow_forwardWhat factors make up the total demand for loanable funds? The total supply of loanable funds. Please list and define each of these demand and supply factors in the Loanable Funds Theory of Interest.arrow_forward
- Using the loanable funds theory, illustrate the effect of the following on the level of interest rates.A. An increase in expected future income. B. An increase in income levels which would result in an increase in the level of savings.arrow_forward4.4 how am i supposed to show this, are there going to be two lines crossing over eachother?arrow_forwardDescribe how interest could be good or bad, depending on the situation, and explain why interest rates are currently so low?arrow_forward
- Suppose a bond pays annual interest of $50. Compute the interest rate per year that a bondholder can earn for each face value in the following table. Face Value Interest Rate per Year (Dollars) 200 500 1,000 (Percentage) If the annual interest paid stays the same and the face value of the bond goes up, then the interest rate paid for the bond per yeararrow_forwardIn detail what are some of the factors that affect demand for loanable funds according to the loanable funds theory of interest rate determination and what impact would these have on the demand and supply of funds and on the interest ratearrow_forwardOne of the biggest problems for any economy is to figure out how to get or transfer money from people or firms who want to save (savers) to people or firms who want to borrow (investors). Explain how financial markets can help to solve this problem efficiently. Discuss how financial markets function and which tools they can offer to solve this problem. Discuss how financial systems are of crucial significance to adequate capital formation, which is indispensable to a speedy economic growth and development.arrow_forward
- Chairman Latrobe, the Supreme Leader of Rolling Rock decided to increase the personal tax rate to fund the defense force. 8) How may this affect the loanable funds market? Explain by describing the change in the demand for, or the supply of, loanable funds. 9) Because of the change decreed by President Thug and your answer to question 8, what is likely to happen to the interest rate and the quantity of funds in the loanable funds market? 10) How will each of these Rolling Rockers feel about President Thug’s decision? (A) Investor Confidence (B) The President of Rolling Rock National Bankarrow_forwardThe following equations describe an economy. (Think of C , I , G , etc., as being measured in Billions and I as a percentage; a 5 percent interest rate implies I = 5.) C= 0.8(1 - t )Y T=0.25 I=900-50i -G=800 L = 0.25Y-62.5i -M/-P= 500 a. What is the value of aG which corresponds to the simple multiplier (with taxes) ? b. By how much does an increase in government spending of ∆G increase the level of Income in this model, which includes the money market? c. By how much does a change in government spending of ∆G affect the equilibrium Interest rate? d. Explain the difference between your answers to parts a and b.arrow_forwardErin buys a bond that pays no coupon payments for $160. When the bond matures, she receives $200. Erin earned an interest rate of ____________ percent on this bond. (Enter your answer "as a percent, but without the percentage sign." If you think Erin earned 99.99 percent interest, enter only 99.99 in the blank.)arrow_forward
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