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%.

Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.

To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.