What will be the weekly average interest rate for 30-year fixed rate mortgages in the US for the week ending 28 December 2023?

Started May 12, 2023 05:00PM UTC
Closing Dec 28, 2023 08:01AM UTC

Mortgage rates have fallen from two-decade highs above 7%, but remain elevated as compared with recent history as the Federal Reserve decides on the course of interest rates (CNN, CNBC, Yahoo Finance). 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 4 May 2023, the weekly average interest rate for 30-year fixed-rate mortgages in the US was 6.39%.

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Possible Answer Crowd Forecast Change in last 24 hours Change in last week Change in last month
Lower than 4.25% 0.00% +0.00% +0.00% -1.00%
Between 4.25% and 5.00%, inclusive 0.00% +0.00% +0.00% +0.00%
Higher than 5.00% but lower than 5.75% 1.00% +0.00% -1.00% -10.00%
Between 5.75% and 6.50%, inclusive 9.00% +0.00% -2.00% -14.00%
Higher than 6.50% but lower than 7.25% 63.00% +0.00% +0.00% +10.00%
7.25% or more 27.00% +0.00% +3.00% +15.00%

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