Will mortgage rates fall below 5% anytime before the end of 2024?

Question

Resolves YES if the US average 30-year fixed rate mortgage reported on https://www.freddiemac.com/pmms falls below 5% anytime before the end of 2024. Otherwise NO.

For reference, the most recent rate when this market opened was 6.29% on 9/22. The rate briefly dipped to 4.99% in August.

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Manifold Markets · Accepted Answer

No — resolved on Dec 31, 2024 by Manifold Markets prediction market.