What will be the weekly average interest rate for 30-year fixed rate mortgages in the US for the week ending 26 December 2024?
Closed Dec 26, 2024 08:01AM UTC
As interest rate cut expectations rise, mortgage rates have begun to fall (CBS News). The question will be suspended 25 December 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 22 August 2024, the weekly average interest rate for 30-year fixed-rate mortgages in the US was 6.46%.
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
The question closed "At least 6.80%, but less than 7.20%" with a closing date of 26 December 2024.
See our FAQ to learn about how we resolve questions and how scores are calculated.
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than 4.40% | 0% | |
| At least 4.40%, but less than 4.80% | 0% | |
| At least 4.80%, but less than 5.20% | 0% | |
| At least 5.20%, but less than 5.60% | 0% | |
| At least 5.60%, but less than 6.00% | 0% | |
| At least 6.00%, but less than 6.40% | 6% | |
| At least 6.40%, but less than 6.80% | 73% | |
| At least 6.80%, but less than 7.20% | 21% | |
| 7.20% or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 40 |
| Average for questions older than 6 months: 183 | |
| Number of Forecasts | 282 |
| Average for questions older than 6 months: 533 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
