Revised 4/14/2009
Indicator
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2005
2006
2007
2008
2009
2010
Real GDP (%)
4.8
-0.2
0.9
2.8
-0.5
-6.3
-5.5
-2.0
1.0
2.0
2.5
3.0
2.7
2.4
2.3
-0.8
-1.1
3.0
Consumer Prices (%) a.
2.8
5.0
4.3
5.0
6.7
-9.2
-1.7
0.5
1.5
2.0
2.0
2.0
3.7
1.9
4.0
1.7
0.6
2.0
Unemployment Rate (%) b.
4.7
4.8
4.9
5.3
6.0
6.9
8.1
8.7
9.1
9.4
9.4
9.3
5.1
4.6
4.6
5.8
8.8
9.0
30-Year Fixed Mtg. Rate (%) b.
6.6
6.2
5.9
6.1
6.3
5.9
5.1
4.9
5.0
5.2
5.3
5.5
5.9
6.4
6.3
6.0
5.0
5.6
1-Year Treas. Indexed ARM Rate (%) b.
5.7
5.6
5.1
5.2
5.2
5.1
4.9
4.8
4.9
5.0
5.0
5.0
4.5
5.5
5.6
5.2
4.9
5.0
10-Year Const. Mat. Treas. Rate (%) b.
4.7
4.3
3.7
3.9
3.9
3.7
2.7
2.9
3.1
3.3
3.4
3.6
4.3
4.9
4.6
3.8
3.0
3.7
1-Year Const. Mat. Treas. Rate (%) b.
4.5
3.6
2.1
2.1
2.1
1.0
0.6
0.8
0.9
1.1
1.2
1.4
3.6
4.9
4.5
1.8
0.8
1.5
Indicator
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2005
2006
2007
2008
2009
2010
Housing Starts c.
1.30
1.15
1.05
1.03
0.88
0.66
0.53
0.45
0.50
0.55
0.75
0.85
2.07
1.80
1.36
0.90
0.51
0.90
Total Home Sales d.
5.49
5.04
4.93
4.85
4.90
4.62
4.47
4.50
4.65
4.80
5.15
5.30
7.46
6.73
5.72
4.82
4.61
5.50
Conventional Mtg. Home Price Index (%) e.
-2.4
0.4
-2.7
-7.5
-11.5
-1.9
-14.0
-10.0
-5.0
-2.0
-2.5
-1.5
12.5
5.7
0.2
-6.0
-7.8
-1.5
S&P/Case-Shiller® Home Price Index (%) f.
-6.9
-19.7
-23.9
-8.5
-13.3
-26.0
-20.0
-14.0
-10.0
-7.0
-5.0
-3.0
14.7
-0.3
-8.7
-18.2
-12.8
-3.0
1-4 Family Mortgage Originations g.
Conventional
$529
$432
$440
$480
$280
$210
$330
$603
$733
$505
$385
$435
$3,167
$2,858
$2,312
$1,410
$2,170
$1,750
FHA & VA
$31
$36
$46
$70
$90
$84
$100
$128
$138
$115
$95
$105
$90
$80
$120
$290
$480
$425
Total
$560
$468
$486
$550
$370
$294
$430
$730
$870
$620
$480
$540
$3,257
$2,938
$2,432
$1,700
$2,650
$2,175
ARM Share (%) h.
12
8
8
8
8
3
3
4
5
6
7
8
31
21
10
7
5
7
Refinancing Share - Applications (%) i.
38
40
49
47
39
56
74
71
70
55
45
45
44
43
42
48
67
49
Refinancing Share - Originations (%) j.
43
50
54
52
43
58
78
75
74
59
57
55
48
47
49
52
71
55
Residential Mortgage Debt (%) k.
6.0
5.5
2.6
0.1
-1.0
-2.8
-4.0
-1.0