Will mortgage rates fall below 5% anytime before the end of 2024?
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1kṀ13kresolved Dec 31
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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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