What will be the weekly average interest rate for 30-year fixed rate mortgages in the US for the week ending 21 March 2024?
Closed Mar 21, 2024 07:01AM UTC
Mortgage rates fell from multi-decade highs in November 2023 and are expected to fall as expectations of additional interest rate hikes from the Federal Reserve recede (Yahoo). The question will be suspended 20 March 2024 and the outcome 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 16 November 2023, the weekly average interest rate for 30-year fixed-rate mortgages in the US was 7.44%.
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The question closed "Higher than 6.70% but lower than 7.10%" with a closing date of 21 March 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower than 5.50% | 0% | |
| Between 5.50% and 5.90%, inclusive | 0% | |
| Higher than 5.90% but lower than 6.30% | 0% | |
| Between 6.30% and 6.70%, inclusive | 22% | |
| Higher than 6.70% but lower than 7.10% | 74% | |
| Between 7.10% and 7.50%, inclusive | 4% | |
| More than 7.50% | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 86 |
| Average for questions in their first 6 months: 179 | |
| Number of Forecasts | 421 |
| Average for questions in their first 6 months: 463 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
