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GDP has since rebounded in Q3 and Q4, growing at an annual rate of 3.2% and 2.7% respectively. The 30 Year Mortgage Rate forecast at the end of the month is 8.08%. The 15 Year Mortgage Rate forecast at the end of the month 8.65%. "If bank rate really were to reach 5 . Mortgage Interest Rate forecast for February 2026.Maximum interest rate 17.83%, minimum 16.79%. Interest Rate Forecasts. According to the OECD forecasts as of February 2023, inflation was expected to continue to fall gradually over the next 18 months, hitting 5.3% by the end of this year and falling to 51% by the end of 2023. 100. Markets now view it as probable that the Fed Funds rate reaches 5.25% to 5.50% in 2023. Forecast data are calculated by making an overall assessment of the economic climate in individual countries and the world economy as a whole, using a combination of model-based analyses and statistical indicator models. The average for the month 18.59%. However, whereas previously it was debatable whether rates would exceed 5%, that is now viewed as almost a given. Long-term interest rate forecasts stretch into next year and over the next 10 Federal Open Market Committee (FOMC) meetings. The average for the month 14.13%. The 30 Year Mortgage Rate forecast at the end of the month 8.41%. Subscribe to get our top real estate investing content. He seemed to indicate, but didnt promise, that the Fed might pause rate hikes after two more quarter-point increases, one each at its policy meetings on March 22 and May 3. Maximum interest rate 12.51%, minimum 11.68%. The 30 Year Mortgage Rate forecast at the end of the month 18.60%. The average for the month 17.72%. Yet as the Feds monetary tightening has slowed to 25bps, the USD strength appears to be losing steam. Analysts typically focus on the near term. 15 Year Mortgage Rate forecast for May 2024.Maximum interest rate 10.01%, minimum 9.17%. As inflation was brought under control, the FFR hovered around 5% through the 90s, before recessions in 2001 and 2008 forced them down to a floor, keeping rates down until 2016. Unless you have a crystal ball that can predict the future, it's impossible to know how much interest rates will rise in the coming five years. The 15 Year Mortgage Rate forecast at the end of the month 14.98%. If you have money to invest and would instead put that money in something that earns more interest than a mortgage, you should know that rates on savings accounts and mutual funds are likely to go up as well, not down. The Agency shall not be liable for any errors or delays in the information and its publication, or for any actions taken in reliance thereon. The 30 Year Mortgage Rate forecast at the end of the month 7.21%. The forecast range becomes wider, going from 2.6% (low) to 2.85% (high). 15 Year Mortgage Rate forecast for September 2025.Maximum interest rate 15.42%, minimum 14.52%. In April 2021, the target was extended until 31 March 2026. . Current 15 Year Mortgage Rate equal to 5.89%. The Bank's nine-member Monetary Policy Committee voted 8-1 to raise interest rates by 0.5 percentage points to 1.75 per cent on Thursday, the biggest increase in 27 years. In 2022 and 2023, the Federal Reserve is expected to rapidly increase the target range for the federal funds rate to reduce inflationary pressures in the economy. In 2024, the Dutch bank saw interest rates ranging between 3% and 4.25%, staying at 3% by the end of 2025. In 2023, the dollar index (DXY) moved largely sideways, rising by 0.9% as of 2 March, dropping by over 8% from September 2022 highs. However, this may reverse, possibly next year, as a rebounding economy boosts long rates and the Fed possibly cuts short rates, if inflation falls enough. here is Perch's forecast for 5-year variable rate mortgages in Canada from 2023 to 2028, in comparison to the last 2 quarters, on how that will affect variable mortgage rates . Past performance is no guarantee of future results. Previously, he was senior principal economist in the Center for Forecasting and Modeling at IHS/GlobalInsight, and an economist in the Chief Economist's Office of the U.S. Department of Commerce. Interest rates are higher in the sec-ond half of the projection period than in the first: From 2025 to 2030, the federal funds rate averages 1.1 per-cent; the rate on 3-month Treasury bills, 1.0 percent; and the rate on 10-year Treasury notes, 2.6 percent. The 30 Year Mortgage Rate forecast at the end of the year is projected to be 13.9%. 4.00. 10 Year Treasury Rate. (adsbygoogle = window.adsbygoogle || []).push({}); Current 30 Year Mortgage Rate equal to 6.65%. In the high interest rate scenario, both the 10-year Government of Canada bond yield and conventional 5-year fixed mortgage rate rise quickly in mid-2022. Photo: Maxx-Studio / Shutterstock. How to Find Investment Properties for Sale in 2023? The 15 Year Mortgage Rate forecast at the end of the month 15.14%. For now, that fine-tuning appears to involve slightly higher rates. 15 Year Mortgage Rate forecast for September 2026.Maximum interest rate 15.69%, minimum 14.77%. 30 Year Mortgage Rate forecast for January 2027.Maximum interest rate 19.16%, minimum 18.04%. Mortgage Interest Rate forecast for June 2026.Maximum interest rate 18.06%, minimum 17.00%. China's economy rebounded in Q3 2022 from a slump of 0.4% in the previous quarter amid its persistence to keep harsh Covid-19 restrictions. This concern has also put pressure on equity markets in recent weeks. Maximum interest rate 8.32%, minimum 7.62%. The average for the month 13.94%. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Mortgage Interest Rate forecast for April 2027.Maximum interest rate 16.32%, minimum 15.36%. Change for week +0.15. Mortgage Interest Rate forecast for October 2025.Maximum interest rate 15.59%, minimum 14.69%. Mortgage Interest Rate forecast for December 2025.Maximum interest rate 15.53%, minimum 14.63%. While pent-up demand, particularly for travel, means inadequate supply to delivery chains still rattled by Covid-19, Russias invasion of Ukraine and the ensuing energy insecurity have ramped up the price of oil and gas. The average for the month 12.17%. The average for the month 8.70%. The average for the month 14.63%. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Long-term interest rates forecast refers to projected values of government bonds maturing in ten years. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Visit our corporate site. The 15 Year Mortgage Rate forecast at the end of the month 13.01%. Mortgage Interest Rates Can Increase Substantially By Year-End. Long-term interest rates forecast refers to projected values of government bonds maturing in ten years. The average for the month 9.67%. Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, DC, US, on Tuesday, Feb. 7, 2023. Mortgage Interest Rate forecast for December 2026.Maximum interest rate 19.11%, minimum 17.95%. "As the Fed raises interest rates, the mortgage market will simply yawn . The average for the month 5.99%. Policymakers may look into economic indicators such as consumer price index (CPI), gross domestic products (GDP) and other benchmarks when deciding on monetary policy. The 30 Year Mortgage Rate forecast at the end of the month 13.46%. (A basis point is equivalent to 0.01%.) 15 Year Mortgage Rate forecast for January 2026.Maximum interest rate 15.91%, minimum 14.99%. Mortgage Interest Rate forecast for February 2025.Maximum interest rate 15.16%, minimum 14.28%. The 30 Year Mortgage Rate forecast at the end of the month 14.34%. 30 Year Mortgage Rate forecast for July 2025.Maximum interest rate 17.51%, minimum 16.04%. 30 Year Mortgage Rate forecast for January 2026.Maximum interest rate 17.95%, minimum 16.91%. The US hit the traditional definition of a recession in the second quarter of 2022, experiencing a contraction in the gross domestic product (GDP) for the second quarter in a row. Repayment calculations based on a P&I loan with a term of 30 years. 30 Year Mortgage Rate forecast for March 2023.Maximum interest rate 6.85%, minimum 6.45%. CBO projects that the interest rates on 3-month Treasury bills and 10-year Treasury notes will average 2.8 percent and 3.6 percent, respectively, during the 2021-2027 period. The 30 Year Mortgage Rate forecast at the end of the month 12.94%. Previous week rate: 6.50. 15 Year Mortgage Rate forecast for January 2027.Maximum interest rate 16.05%, minimum 15.11%. The Reserve Bank of Australia (RBA) hiked its policy interest rates by 25 basis points to 3.35% on 7 February 2023 to cool inflation rate, which is running hot at over 30-year highs.. Maximum interest rate 7.85%, minimum 7.19%. By Dan Burrows Laguna Niguel, CA 92677, Copyright 2018 Norada Real Estate Investments, https://capital.com/projected-interest-rates-in-5-years, https://longforecast.com/mortgage-interest-rates-forecast-2017-2018-2019-2020-2021-30-year-15-year, https://www.noradarealestate.com/blog/mortgage-interest-rates-forecast/, Housing Market News 2023: Today's Market Update, The Housing Market in 2023: Trends and Insights, Housing Market Predictions | Real Estate Market Forecast 2023, Is it a Good Time to Buy a House or Should I Wait Until 2024, Housing Market Forecast 2024 & 2025: Predictions for Next 5 Years. The market is pricing in further interest rate hikes in 2023, but only predicting that the Bank of England base rate will rise as high as 4.4% by July 2023. The average for the month 13.23%. By Karee Venema Last updated 16 February 23. Long-term interest rates are partially determined by investors expectations about the future path of short-term interest rates. 30-Year Mortgage Rate forecast for October 2022, 30-Year Mortgage Rate forecast for November 2022, 30-Year Mortgage Rate forecast for December 2022. The average interest rate for a standard 30-year fixed mortgage is 7.06%, which is an increase of 11 basis points as of seven days ago. Mortgage Interest Rate forecast for October 2025.Maximum interest rate 17.90%, minimum 16.86%. The average for the month 10.86%. As was the case with stocks, homeowners who take out a mortgage are at a particular advantage, as they can lock in a higher rate of return by waiting until the market is profitable again. Rates to finance new cars are around 6% for buyers with good credit, and 9% for used-car buyers. The material provided on this website is for information purposes only and should not be understood as an investment advice. The current market overnight interest rate forecast for the next 12 months is: A 0.25% increase March 8, 2023; No change April 12, 2023; No change June 7, 2023; . Maximum interest rate 11.58%, minimum 10.60%. According to Fannie Mae's Economic and Strategic Research Group, real GDP will rise 0.1 percent in 2022 and fall 0.4 percent in 2023. The process starts when the Fed sets the FFR at the Federal Open Market Committee (FOMC) meeting, eight of which occur every year. Soaring borrowing costs heap pressure on indebted UK firms Read more The Federal Reserve is expected to reduce the target range for the federal funds rate in 2025 to counteract the drag on economic growth stemming from the higher individual income tax rates that take effect at the beginning of 2026 under current law. David is both staff economist and reporter for The Kiplinger Letter, overseeing Kiplinger forecasts for the U.S. and world economies. The source of inflation is a mix of demand and supply factors, but not always interconnected. After starting 2022 at just 0.1%, the official cash rate is now 3.1% and tipped to rise further. The 30 Year Mortgage Rate forecast at the end of the month 6.65%. The 30 Year Mortgage Rate forecast at the end of the month 13.94%. The poll of 29 analysts, conducted between Feb. 15 and March 2, forecast average home prices based on the Case/Shiller index, which rose around 6% last year, were forecast to decline 4.5% in 2023 . The 2-year fell back to 1.97%. The average for the month 12.95%. The average for the month 7.06%. This is particularly true for longer-term interest rates, as the discrepancy is magnified over time. The average for the month 17.73%. The 15 Year Mortgage Rate forecast at the end of the month 6.02%. US Prime Rate Forecast is at 5.75%, compared to 5.76% last year. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. Hes also the host of the top-ratedpodcastPassive Real Estate Investing. The greenbacks appeal as a safe haven currency, coupled with increased investor attraction thanks to the Feds hawkish monetary policy, has helped it outgain most currencies this year. The average for the month 17.56%. The 15 Year Mortgage Rate forecast at the end of the month 7.24%. Fed Funds Rate Outlook. The 15 Year Mortgage Rate forecast at the end of the month 15.94%. Mortgage rates will likely ease further. When interest rates rise, the yield on a bond becomes less valuable, as it garners less interest than the prevailing base rate, forcing a sell-off. The 30 Year Mortgage Rate forecast at the end of the month 9.31%. 15 Year Mortgage Rate forecast for November 2026.Maximum interest rate 15.84%, minimum 14.92%. Likewise, fixed-income securities lose their value with rises as the cost of not owning other interest-rate tracking assets increases. The average for the month 8.65%. Now the consensus view is that the Fed has more work to do in moving up rates and hikes could continue at least until the Feds June meeting, possibly even beyond. In July, projections for full-year 2022 and 2023 real GDP growth were reduced owing to weaker consumer spending and a negative revision to . Heres how retirees can benefit from changes in required minimum distributions (RMDs), qualified longevity annuities and IRA catch-up contributions. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Credit: Capital Economics Mortgage Interest Rate forecast for December 2023.Maximum interest rate 8.49%, minimum 7.99%. Forecast data are calculated by making an overall assessment of the economic climate in individual countries and the world economy as a whole, using a combination of model-based analyses and statistical indicator models. The repo rate is the interest rate applied to loans . The 30 Year Mortgage Rate forecast at the end of the month 7.52%. Separately, the yield on two-year government bonds indicating the average interest rate over the next 24 months is now trading at 2.94 per cent, compared with 1.83 per cent just a month ago. The average for the month 13.65%. The latest reading showed that price growth jumped to 7.8% in the fourth quarter of 2022 and the monthly inflation climbed to a new peak of 8.4% in December 2022, well above RBA's inflation target range of 2-3%. The question now is where in the 5% to 6% range rates will land in 2023. Kiplinger is forecasting that the 10-year Treasury will rise to 1.8% by the end of 2021 and 2.3% . 15 Year Mortgage Rate forecast for March 2025.Maximum interest rate 13.39%, minimum 12.61%. The mortgage rate is updated weekly. Change for week +0.13. A recession would put pressure on the Fed to halt its regimen of rate hikes to avoid putting further strain on growth, with analysts only needing to look at the direction of travel for rates during previous recessions. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Top nationally-available 5-year CD rates haven't changed much in the last six weeks. Inflation peaked at a four-decade high of 9.1% in June. 15 Year Mortgage Fixed Rate. The 15 Year Mortgage Rate forecast at the end of the month 15.84%. UK mortgage rates are set to stay close to 5% for the next five years as the era of low interest rates comes to an abrupt end. The 30 Year Mortgage Rate forecast at the end of the month 11.68%. Norada Real Estate Investments The projected real interest rate on 10-year Treasury notesthat is, the rate after the effect of expected . Second, the Federal Reserve's technique for shrinking its balance sheet tends to reduce demand for long-term bonds more than it does for short-term ones. The 15 Year Mortgage Rate forecast at the end of the month 8.13%. Dow Jones . Fed Funds Rate Outlook. The 30 Year Mortgage Rate forecast at the end of the month 17.57%. Published 19 December 22. The average for the month 11.98%. Published 21 December 22. 30 Year Mortgage Rate forecast for July 2026.Maximum interest rate 18.31%, minimum 17.25%. Interest rate based on average owner occupier variable rate pre-May cash rate of 2.98% with May, June, July, August, September, October, and November cash rate increases applied, 3.85% cash rate interest rate is 1% higher. The 30 Year Mortgage Rate forecast at the end of the month 8.91%. The average for the month 10.69%. 15 Year Mortgage Rate forecast for May 2026.Maximum interest rate 16.18%, minimum 15.24%. The average for the month 7.51%. Interest rates forecasts have huge ramifications for the wider economy, with decisions by the Fed moving markets across equities, bonds and commodities. The 30 Year Mortgage Rate forecast at the end of the month 7.35%. Copy the URL to open this chart with all your selections. Mortgage Interest Rate forecast for October 2023.Maximum interest rate 8.69%, minimum 7.96%. Maximum interest rate 7.13%, minimum 6.71%. The average for the month 18.64%. Recovery Talk 'Premature' After Mortgage Rates Surge Past 7%, Francis Chou Buys Buffett's Ally Financial, Trims 2 Top Holdings, Oracle Reports After The Close On 3/9 -- Options Contracts Expire The Next Day, Sustainable Retail Is A Myth, But The Risk Of Hypocrisy Is Real, Researchers Quantify Market Risks As Debt Limit Deadline Nears. Interest rate estimates should not be utilized in place of your own study. 30 Year Mortgage Rate forecast for May 2026.Maximum interest rate 17.77%, minimum 16.73%. Category. Damian Shepherd. The forecast is updated weekly (on Thursdays). The next monthly data releases on the Consumer Price Index (on February 14), jobs (on February 3) and other indicators are likely to have an outsized impact in the financial markets, as investors weigh what they mean for the Feds coming rate increases. Photographer: Valerie Plesch/Bloomberg, Stock Market Losers: New Lows For CVS, Hormel And Silvergate, Heres The Schedule For The Feds Upcoming Meetings And What To Expect, 1 Simple Trick To Magnify Your Dividends, Could The Housing Market Collapse Again? The average for the month 12.20%. The average for the month 8.31%. When it comes to the future of mortgage interest, we don't know exactly what will happen. The average for the month 5.89%. Growth stocks, which rely on lending and capital, could also suffer as investors look for value in profitable companies to ride out market volatility and a downturn. CPI climbed down to 6.4% in January 2023, its seventh consecutive fall against the previous month. Mortgage Interest Rate forecast for June 2024.Maximum interest rate 12.10%, minimum 11.09%. Maximum interest rate 12.23%, minimum 11.51%. Canada interest rate forecast 2022-2027. An interest rate forecast by Trading Economics, as of 2 March, predicted that the Fed Funds Rate could hit 5% in 2023, before falling back to 4.25% in 2024 and 3.25% in 2025. 30 Year Mortgage Rate forecast for November 2025.Maximum interest rate 18.10%, minimum 17.04%. The Feds goal is a 2% annual inflation rate, and the Fed is worried we arent on track to get there. In order to sell all long-term bonds, the yield rises when short-term interest rates rise. Markets function sh(num) { obj = document.getElementById("more_"+num); if( obj.style.display == "none" ) { obj.style.display = "block"; } else { obj.style.display = "none"; } }Click here to read more. 3 Month LIBOR USD. Earlier in November 2022, Fitch Ratings predicted further rises in the first quarter of March 2023, bringing the FFR to 5%, where it could stay for the rest of 2023. Over the next year, the 5-year fixed-rate mortgage is expected to gradually climb. SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, The 9 Best Consumer Staples Stocks to Buy, Kiplinger's Weekly Earnings Calendar (Feb. 27-March 3), 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, Stock Market Holidays in 2023: NYSE, NASDAQ and Wall Street Holidays, Kiplinger's Retail Outlook: Sales Jump in January, But Strength May Not Last. The average for the month 9.12%. Mortgage Interest Rate forecast for February 2027.Maximum interest rate 16.15%, minimum 15.21%. The 30 Year Mortgage Rate forecast at the end of the month 17.25%. Maximum interest rate 10.92%, minimum 10.01%. The poll of 29 analysts, conducted between Feb. 15 and March 2, forecast average home prices based on the Case/Shiller index, which rose around 6% last year, were forecast to decline 4.5% in 2023 . According to Forbes Advisor's list of the best online savings accounts, the average APY of the top four highest-yielding savings accounts in December 2022 was 3.28%86% of the most recent . Mortgage Interest Rate forecast for August 2025.Maximum interest rate 15.19%, minimum 14.31%. The high interest rate scenario sees the unemployment rate peak at 7% in early 2023, a result of weaker economic conditions. Mortgage Interest Rate forecast for October 2024.Maximum interest rate 13.54%, minimum 12.76%. 15 Year Mortgage Rate forecast for March 2024.Maximum interest rate 8.91%, minimum 8.39%. The 15 Year Mortgage Rate forecast at the end of the month 15.38%. The low range isn't much higher than today, but the high end would likely create an . The 30 Year Mortgage Rate forecast at the end of the month 17.31%. The 15 Year Mortgage Rate forecast at the end of the month 5.89%. The 30 Year Mortgage Rate forecast at the end of the month 17.12%. The OECD predicts that inflation would decline steadily over the next 18 months, reaching 5.7% by the end of this year and 2.8% by the end of 2023. As the Federal Reserve tightens monetary policy, the interest rate on 10-year Treasury notes will climb from 1.5 percent in the fourth quarter of 2021 to 2.7 percent in the fourth quarter of 2022, indicating a higher future path for short-term interest rates. 15 Year Mortgage Rate forecast for November 2025.Maximum interest rate 15.53%, minimum 14.63%. Mortgage Interest Rate forecast for April 2024.Maximum interest rate 9.45%, minimum 8.65%. Published 3 February 23. stocks Report. The 15 Year Mortgage Rate forecast at the end of the month 13.00%. 2022: 6 . The 15 Year Mortgage Rate forecast at the end of the month 15.78%. If you're planning on mortgaging your home at least until age 55 and possibly beyond, you should start looking into how much interest rates are likely to go up in the coming decade. The 30 Year Mortgage Rate forecast at the end of the month 18.57%. 30 Year Treasury Rate. Interest rate forecasts shouldnt be used as a substitute for your own research. The 30 Year Mortgage Rate forecast at the end of the month 11.09%. The 30 Year Mortgage Rate forecast at the end of the month 10.01%. The reason is that although . The 30 Year Mortgage Rate forecast at the end of the month 11.24%. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. By David Payne Last updated 1 February 23 Economic Forecasts TD Economics predicted the Canadian central bank to lower the policy rate to 2.90% in 2024, 2.05% in 2025, 2% in 2026 and 2% in 2027. According to Longforecast, the 30 Year Mortgage Rate will continue to rise further in 2024. Those decisions, which resulted in numerous hikes in 2022, filter through to prime rate, the basic interest rate banks charge to credit-worthy customers. The average for the month 6.65%. Mortgage Interest Rate forecast for February 2025.Maximum interest rate 12.99%, minimum 12.23%. The 15 Year Mortgage Rate forecast at the end of the month 8.33%. The 15 Year Mortgage Rate forecast at the end of the month 13.62%. Mortgage Interest Rate forecast for December 2026.Maximum interest rate 16.25%, minimum 15.31%. Interest Rate Forecasts. 15 Year Mortgage Rate forecast for March 2027.Maximum interest rate 16.42%, minimum 15.46%. Personal loans interest rate forecast for 2023: Rates to increase due to Fed pressure . 30 Year Mortgage Rate forecast for November 2024.Maximum interest rate 14.36%, minimum 13.15%. While consumers may be preparing for significantly higher rates over the coming years, industry experts are more tempered in their expectations. 15 Year Mortgage Rate forecast for July 2024.Maximum interest rate 11.25%, minimum 10.30%. On 1 February, Morningstar analyst Preston Caldwell said he was sceptical the the Fed would continue raising interest rates throughougt 2023, predicting its February . 30 Yr Mortgage Rate. The average for the month 8.98%. The average for the month 13.42%. And the spectre of stagflation, which is beginning to pierce through the US economy, could make policy makers' decision even more difficult. They provide insight into interest rate forecasts over 5 years. The 15 Year Mortgage Rate forecast at the end of the month 11.54%. Rates to finance new cars are around 6% for buyers with good credit, and 9% for used-car buyers. Jerome Powell, chairman of the US Federal Reserve, during an interview for an episode of "The David [+] Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, DC, US, on Tuesday, Feb. 7, 2023. If The Housing Market Crashes What Happens To Interest Rates? This is one of the most important factors to keep in mind when you're looking at projected interest rates. The average for the month 12.52%. A hike to the FFR will see the base prime rate rise, affecting the typical cost of loans and mortgages. Mortgage Interest Rate forecast for April 2023.Maximum interest rate 7.00%, minimum 6.60%. The chief economist also said that private sector regular pay growth was slightly higher than forecast at the end of last year. The annual inflation rate slowed to a 1-year low of 5.72% in December 2022 and stayed below the Reserve Bank of India target of 2-6% for the second straight month. The benchmark rate has gone up from 3.5% to 4% following the latest Monetary . The average for the month 15.31%. The average for the month 11.51%. Powell said that additional interest-rate increases will be needed to cool inflation amid a labor market that recent data shows remains very tight. 30 Year Mortgage Rate forecast for November 2023.Maximum interest rate 9.22%, minimum 8.44%. 30 Year Mortgage Rate forecast for May 2024.Maximum interest rate 11.42%, minimum 10.46%. ING expected the BoE to keep its key rate unchanged at 3.75% from the fourth quarter of 2022 until the . 15 Year Mortgage Rate forecast for May 2023.Maximum interest rate 6.57%, minimum 6.02%. Rates on short-term consumer loans such as auto notes will also be affected. With more rate increases expected this year, the Fed rate is projected to surpass 5.00% in 2023 before trending downward in 2024 and 2025. . If you don't already understand how much interest rates affect your wallet, this article will explain everything you need to know about projected interest rates in the next five years and what that means for you as a borrower. The current average rates for mortgage refinances are: 30-year fixed: 7.21% 15-year fixed: 6.38% 30-year jumbo: 7.33% 5/1 ARM: 5.65% Mortgage Rate . January sales surge points to consumer resilience, but one-time factors contributed, as well. The average for the month 15.47%. Source: Federal Reserve. 15 Year Mortgage Rate forecast for January 2025.Maximum interest rate 12.60%, minimum 11.86%. After the strongest annual average growth in nearly 40 years (5.7%) in 2021, US economic growth is set to slow to a 1.9% pace in 2022. The 15 Year Mortgage Rate forecast at the end of the month 6.91%. That will help markets and the Fed get on the same page. The average for the month 12.80%. The average for the month 15.76%. The average for the month 18.39%. Florida Real Estate Forecast Next 5 Years: Will it Crash?