Economists' Outlook

Housing stats and analysis from NAR's research experts.

Most Homeowners Rely on Fixed-rate Financing


Source: 2010 Profile of Home Buyers and Sellers


Source: 2009 AHS data on Occupied Housing Units with a Mortgage, NAR Calculations

  • In the 2010 Profile of Home Buyers and sellers, 95 percent of buyers financing their home purchase reported using a fixed-rate mortgage.  This share is similar to the result of the 2009 Profile, but noticeably higher than the 70 to 90 percent reporting a fixed-rate in the 2006 through 2008 Profiles.  In those years fixed- then adjustable-rate mortgages were more common.
  • Despite the relative prevalence of fixed- then adjustable rate mortgages in 2006 through 2008, the American Housing Survey shows that 93 percent of homes with mortgages outstanding in 2009 have a fixed-payment self-amortizing mortgage.
  • The share of fixed-rate mortgages varies by region from a low of 90 percent in the West to a high of nearly 95 percent in the Northeast.


[1] Occupied housing units with a mortgage reporting the type of mortgage

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