What will be the weekly average interest rate for 30-year fixed rate mortgages in the US for the week ending 26 September 2024?
Closed Sep 26, 2024 07:01AM UTC
Mortgage rates are expected to stay elevated as markets speculate on when the Federal Reserve will begin to cut interest rate (Newsweek). The question will be suspended 25 September 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 23 May 2024, the weekly average interest rate for 30-year fixed-rate mortgages in the US was 6.94%.
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The question closed "At least 6.00%, but less than 6.40%" with a closing date of 26 September 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% | 42% | |
| At least 6.00%, but less than 6.40% | 58% | |
| At least 6.40%, but less than 6.80% | 0% | |
| At least 6.80%, but less than 7.20% | 0% | |
| At least 7.20%, but less than 7.60% | 0% | |
| At least 7.60%, but less than 8.00% | 0% | |
| 8.00% or more | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 45 |
| Average for questions older than 6 months: 189 | |
| Number of Forecasts | 334 |
| Average for questions older than 6 months: 546 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
