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The rates below are those quoted by NADCO. The Debenture Rate is the base P&I rate of the loan. The Effective Rate includes three servicing fees built into the monthly payment over the full-term of the loan. The monthly fees raise the Effective Rate to approximately 2 1/4% above the Debenture Rate for 10 year loans and approximately 1 3/4% above the Debenture Rate for 20 year loans. The Effective Rate is not an APR. Click here for an explanation of how the interest rates are calculated. Interest rates are typically set on the first Tuesday of a month, with loans funding on the second Wednesday of the month.
10-Year Debentures - sold every other month
| Month |
Debenture Rate |
Effective Rate |
Refinancing Effective Rate |
|
January 2012 |
1.58% |
3.82% |
4.34% |
|
November 2011 |
1.52% |
3.76% |
4.20% |
|
September 2011 |
1.53% |
3.77% |
4.21% |
|
July 2011 |
2.25% |
4.50% |
4.94% |
|
May 2011 |
2.34% |
4.59% |
|
|
March 2011 |
2.63% |
4.89% |
|
|
January 2011 |
2.45% |
4.71% |
|
20-Year Debentures
|
Month |
Debenture Rate |
Effective Rate |
Refinancing Effective Rate |
|
January 2012 |
2.76% |
4.84% |
5.04% |
|
December 2011 |
2.87% |
4.95% |
5.15% |
|
November 2011 |
2.87% |
4.72% |
5.08% |
|
October 2011 |
2.76% |
4.61% |
4.97% |
|
September 2011 |
2.85% |
4.70% |
5.06% |
|
August 2011 |
3.29% |
5.14% |
5.50% |
|
July 2011 |
3.74% |
5.59% |
5.95% |
|
June 2011 |
3.67% |
5.52% |
5.88% |
|
May 2011 |
3.79% |
5.64% |
|
|
April 2011 |
4.05% |
5.90% |
|
|
March 2011 |
4.09% |
5.94% |
|
|
February 2011 |
4.22% |
6.07% |
|
|
January 2011 |
3.89% |
5.74% |
|
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|
|
6-mo. Average |
2.90% |
4.83% |
5.13% |
|
9-mo. Average |
3.18% |
5.08% |
|
|
12-mo. Average |
3.41% |
5.30% |
|
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Historical 10 Year Rates
(Click to enlarge)
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Historical 20 Year Rates
(Click to enlarge)
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20 Year Rate Averages
(Click to enlarge)
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