What will be the weekly average interest rate for 30-year fixed rate mortgages in the US for the week ending 27 June 2024?
Closed Jun 27, 2024 07:01AM UTC
Mortgage rates rose in early 2024 as markets tempered expectations of near-term Federal Reserve interest rate cuts (ABC News). The question will be suspended 26 June 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 29 June 2023, the weekly average interest rate for 30-year fixed-rate mortgages in the US was 6.71%.
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The question closed "At least 6.80%, but less than 7.20%" with a closing date of 27 June 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than 5.60% | 0% | |
| At least 5.60%, but less than 6.00% | 0% | |
| At least 6.00%, but less than 6.40% | 1% | |
| At least 6.40%, but less than 6.80% | 25% | |
| At least 6.80%, but less than 7.20% | 68% | |
| At least 7.20%, but less than 7.60% | 5% | |
| 7.60% or more | 2% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 50 |
| Average for questions in their first 6 months: 171 | |
| Number of Forecasts | 336 |
| Average for questions in their first 6 months: 444 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
