mortgage rate forecast
The 12 month forecast for the 30 Year Mortgage Interest Rate is in the table at
the top of this page. Forecast-Chart.com is forecasting that 30 Year Mortgage
Interest Rates will be roughly 3.61% in one year. The table shows a HDTFA of
0.39% which suggests that the July, 2017 rate could easily fall between 4.00%
and 3.21%. Forecasts for many other interest rates may be found by clicking
INTEREST RATE FORECAST at the top of this page.
5 YEAR FORECAST
Will the 30 Year Mortgage Interest Rate be higher or lower 5 years from now?
forecasting a probability of 8.3% that the 30 Year Mortgage Interest Rate will be
higher in 5 years. The table shows a probability of 91.4% that the rate will be
lower in 5 years. (June, 2021 rate compared to the June, 2016 rate). 43 YEARS
of historical data were use to calculate probabilities for Forecast-Chart.com’s 5
Year Forecast. Check this page each month for updates to the 5 Year
Forecast for the 30 Year Mortgage Interest Rate. The forecast may change
substantially as a result of movement in the indicators used in the forecasting
5 YEAR FORECAST: Various Rates
In 5 years, how high or how low is the 30 Year Mortgage Interest Rate likely to
Mortgage Interest Rates being ABOVE 3.57% in June, 2021 is 8%. The
probability of 30 Year Mortgage Interest Rates being BELOW 3.57% in June,
2021 is 92%. Probabilities for various other rates are shown as well.
Average (Last 12 Months) 3.80%.
Average (Last 10 Years) 4.73%
High (Last 12 Months) 4.05% (July, 2015)
Low (Last 12 Months) 3.57% (June, 2016)
High (Since January, 1964) 18.45% (October, 1981)
Low (Since January, 1964) 3.35% (December, 2012)
The 30 Year Mortgage Interest Rate for June, 2016 averaged 3.57%. That’s 3
basis points lower than the May, 2016 rate of 3.6%, and 41 basis points lower
than the June, 2015 rate of 3.98%. The minor movement in rates from May to
June indicates that the short term rate trend has been relatively flat. If that
market trend continues, we should see an average daily rate in July, 2016 that
is close to 3.54%.
The average rate over the last 10 years was 4.73%. Lower rates over the last
12 months compared to the average rates over the last 10 years serve as an
indicator that the long term rate trend in 30 Year Mortgage Interest Rates is
3.57%. The high annual rate was attained in July, 2015. The market low was
achieved in June, 2016.
Rate data back to January, 1964. The average annual rate during that period
of history was 8.11%. The highest rate was 18.45%. The lowest rate was
3.35%. The market high was attained in October of 1981. The market low was
achieved in December of 2012. Recent rates experienced in June of 2016 are
low relative to the historical 8.11% average.
Interest Rates. For links to longer term charts, look at the links under the five
year chart (above). One link opens a ten year chart. Another opens our longest
term graph on 30 Year Mortgage Interest Rates. Just one glance at our long
term charts can provide tremendous insight into the historical trends of the
financial markets. The data table above presents the history of the 30 Year
Mortgage Interest Rate in numerical format.