30 YEAR MORTGAGE RATES FORECAST FOR NEXT WEEK, MONTHS


Updated: 2024/05/16

30-Year Mortgage Rates Today

Here is the 30-year fixed-rate mortgage (FRM). US mortgage giant Freddie Mac calculates and publishes rates once a week.

30-year mortgage rate for the last 4 weeks below.

Date Rate
2024/5/16 7.02
2024/5/09 7.09
2024/5/02 7.22
2024/4/25 7.17
2024/4/18 7.10

The latest 30-year mortgage rate averaged 7.02% while last week it averaged 7.09 percent. 2 weeks ago the rate was at 7.22 and 4 weeks ago it was at 7.17%.

30-Year Mortgage Rates Forecast For Next Weeks

This table shows the forecasted 30-year mortgage rates for the upcoming weeks. Each row represents a week and includes the date, the ahead time (in weeks), the low rate, the high rate, and the average rate. The low and high rates represent the range of possible mortgage rates for that week, while the average rate represents the forecasted mortgage rate for that week. The mortgage rates can have a significant impact on the housing market.

Date Ahead Low High Rate
05/23 1W 6.74 7.16 6.95
05/30 2W 6.62 7.02 6.82
06/06 3W 6.66 7.08 6.87
06/13 4W 6.73 7.15 6.94
06/20 5W 6.95 7.37 7.16
06/27 6W 7.00 7.44 7.22
07/04 7W 7.03 7.47 7.25
07/11 8W 6.95 7.39 7.17
07/18 9W 7.09 7.53 7.31
07/25 10W 6.95 7.37 7.16
08/01 11W 6.89 7.31 7.10
08/08 12W 6.93 7.35 7.14
08/15 13W 7.06 7.50 7.28
08/22 14W 7.20 7.64 7.42
08/29 15W 7.21 7.65 7.43

30-year mortgage rate predictions for next week. The maximum mortgage rate is expected to be 7.16%, while the minimum is 6.74%. The average rate is 6.95%, which is -0.07 points to today's value.

30-year rate forecast for May 30.
The maximum mortgage rate is expected to be 7.02%, while the minimum is 6.62%. The average rate is 6.82%, which is -0.20 points to today's value.

30-year mortgage rate predictions for June 6.
The maximum mortgage rate is expected to be 7.08%, while the minimum is 6.66%. The average rate is 6.87%, which is -0.15 points to today's value.

30-year rate forecast for June 13.
The maximum mortgage rate is expected to be 7.15%, while the minimum is 6.73%. The average rate is 6.94%, which is -0.08 points to today's value.

30-year mortgage rate predictions for June 20.
The maximum mortgage rate is expected to be 7.37%, while the minimum is 6.95%. The average rate is 7.16%, which is +0.14 points to today's value.

30-year rate forecast for June 27.
The maximum mortgage rate is expected to be 7.44%, while the minimum is 7.00%. The average rate is 7.22%, which is +0.20 points to today's value.

30-year mortgage rate predictions for July 4.
The maximum mortgage rate is expected to be 7.47%, while the minimum is 7.03%. The average rate is 7.25%, which is +0.23 points to today's value.

30-year rate forecast for July 11.
The maximum mortgage rate is expected to be 7.39%, while the minimum is 6.95%. The average rate is 7.17%, which is +0.15 points to today's value.

30-year mortgage rate predictions for July 18.
The maximum mortgage rate is expected to be 7.53%, while the minimum is 7.09%. The average rate is 7.31%, which is +0.29 points to today's value.

30-year rate forecast for July 25.
The maximum mortgage rate is expected to be 7.37%, while the minimum is 6.95%. The average rate is 7.16%, which is +0.14 points to today's value.

30-year mortgage rate predictions for August 1.
The maximum mortgage rate is expected to be 7.31%, while the minimum is 6.89%. The average rate is 7.10%, which is +0.08 points to today's value.

30-year rate forecast for August 8.
The maximum mortgage rate is expected to be 7.35%, while the minimum is 6.93%. The average rate is 7.14%, which is +0.12 points to today's value.

30-year mortgage rate predictions for August 15.
The maximum mortgage rate is expected to be 7.50%, while the minimum is 7.06%. The average rate is 7.28%, which is +0.26 points to today's value.

30-year rate forecast for August 22.
The maximum mortgage rate is expected to be 7.64%, while the minimum is 7.20%. The average rate is 7.42%, which is +0.40 points to today's value.

30-year mortgage rate predictions for August 29.
The maximum mortgage rate is expected to be 7.65%, while the minimum is 7.21%. The average rate is 7.43%, which is +0.41 points to today's value.

Mortgage Rates Predictions 2024, 2025-2027.

Historical Mortgage Rates.

How is the 30-year mortgage rate forecast important for homebuyers?

The 30-year mortgage rate is important for homebuyers because it determines the total cost of their mortgage payments over the life of the loan. A lower interest rate on a 30-year mortgage can save a borrower thousands of dollars over time, while a higher interest rate can significantly increase the cost of the mortgage. Homebuyers often take out 30-year mortgages because they offer lower monthly payments than shorter-term mortgages, making it more affordable to purchase a home. Therefore, the 30-year mortgage rate plays a critical role in determining the affordability and accessibility of homeownership for many people.

The rates and forecast are updated weekly (Thursdays).

See also 15 Year Mortgage Rates Today And Forecast.

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