What will be the weekly average interest rate for 30-year fixed-rate mortgages in the US for the week ending 4 May 2023?
Closed May 04, 2023 07:01AM UTC
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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Possible Answer | Correct? | Final Crowd Forecast |
---|---|---|
Lower than 4.00% | 0% | |
Between 4.00% and 5.00%, inclusive | 0% | |
Higher than 5.00% but lower than 6.00% | 3% | |
Between 6.00% and 7.00%, inclusive | 93% | |
Higher than 7.00% but lower than 8.00% | 3% | |
Between 8.00% and 9.00%, inclusive | 1% | |
More than 9.00% | 0% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 42 |
Average for questions older than 6 months: 206 | |
Number of Forecasts | 287 |
Average for questions older than 6 months: 586 |
Accuracy | |
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Participants in this question vs. all forecasters | average |