What will be the weekly average interest rate for 30-year fixed rate mortgages in the US for the week ending 28 December 2023?
Closed 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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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 | |
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Number of Forecasters | 41 |
Average for questions older than 6 months: 191 | |
Number of Forecasts | 347 |
Average for questions older than 6 months: 550 |
Accuracy | |
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Participants in this question vs. all forecasters | average |