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
Closed Dec 28, 2023 08:01AM UTC
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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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The question closed "Higher than 6.50% but lower than 7.25%" with a closing date of 28 December 2023.

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Possible Answer Correct? Final Crowd Forecast
Lower than 4.25% 0%
Between 4.25% and 5.00%, inclusive 0%
Higher than 5.00% but lower than 5.75% 0%
Between 5.75% and 6.50%, inclusive 15%
Higher than 6.50% but lower than 7.25% 84%
7.25% or more 1%

Crowd Forecast Profile

Participation Level
Number of Forecasters 41
Average for questions older than 6 months: 210
Number of Forecasts 347
Average for questions older than 6 months: 596
Accuracy
Participants in this question vs. all forecasters average

Most Accurate

Relative Brier Score

1.
-0.154
2.
-0.135
4.
-0.083

Recent Consensus, Probability Over Time

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