In October 2022, rates for 30-year mortgages climbed above 7.00% for the first time since 2002, pushed by higher interest rates out of the Federal Reserve (AP, CNBC). The outcome will be determined using Freddie Mac 30-year fixed rate mortgage average data as reported by the Federal Reserve Economic Data (FRED) database (FRED). For the week ending 3 November 2022, the weekly average interest rate for 30-year fixed-rate mortgages in the US was 6.95%.

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The question closed "Between 6.00% and 7.00%, inclusive" with a closing date of 4 May 2023.

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