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Market Commentary  29943
October, 2018 Data:

12 MONTH FORECAST
The 12 month forecast for the 15 Year Mortgage Interest Rate is in the table at
the top of this page. Forecast-Chart.com is forecasting that 15 Year Mortgage
Rates will be roughly 4.46% in one year. The table shows a HDTFA of 0.55%
which suggests that the November, 2019 rate could easily fall between 5.02%
and 3.91%. Forecasts for many other interest rates may be found by clicking
INTEREST RATE FORECAST at the top of this page.

HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months)        3.86%.
Average (Last 10 Years)          3.52%
High (Last 12 Months)             4.25% (October, 2018)
Low (Last 12 Months)              3.29% (November, 2017)
High (Since September, 1991)    8.80% (December, 1994)
Low (Since September, 1991)      2.66% (April, 2013)

MONTHLY 15 YEAR MORTGAGE RATE
Nov, 2017     3.29%
Dec, 2017     3.39%
Jan,  2018     3.48%
Feb, 2018     3.79%
Mar, 2018     3.91%
Apr,  2018     3.93%
May, 2018     4.07%
Jun,  2018     4.04%
Jul,   2018     4.01%
Aug, 2018     4.02%
Sep, 2018     4.08%
Oct, 2018     4.25%



HIGHLIGHTS
The 15 Year Mortgage Interest Rate for October, 2018 averaged 4.25%. That's
17 basis points higher than the September, 2018 rate of 4.08%, and 105 basis
points higher than the October, 2017 rate of 3.2%.  The rise in rates from
September to October indicates that the short term rate trend has been up. If
that market trend continues, we should see an average daily rate in November,
2018 that is close to 4.42%.

The average 15 Year Mortgage Rate for the last 12 months was 3.86%. The
average rate over the last 10 years was 3.52%.  Higher 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 15 Year Mortgage Rates is up.

The highest annual rate over the last 12 months was 4.25%. The lowest was
3.29%. The high annual rate was attained in October, 2018. The market low
was achieved in November, 2017.

Forecast-Chart.com's historical research covers 15 Year Mortgage Rate data
back to September, 1991. The average annual rate during that period of history
was 5.49%. The highest rate was 8.80%. The lowest rate was 2.66%.  The
market high was attained in December of 1994. The market low was achieved in
April of 2013. Recent rates experienced in October of 2018 are low relative to
the historical 5.49% average.

This page provides a five year chart and a forecast for 15 Year Mortgage
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 15 Year Mortgage 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 15 Year Mortgage
Rate in numerical format.






















Data Source: Freddie Mac

SignalTrend  Inc. 2008 - 2018; All rights reserved.















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Historical 15 Year Mortgage Interest Rates
Year
Percent
Year
Percent
Year
Percent
Year
Percent
1992
1993
1994
1995
1996
1997
1998
1999
7.96
6.83
7.86
7.50
7.31
7.13
6.59
7.05
2000
2001
2002
2003
2004
2005
2006
2007
7.73
6.51
5.98
5.16
5.21
5.42
6.07
6.03
2008
2009
2010
2011
2012
2013
2014
2015
5.62
4.58
4.10
3.69
2.93
3.11
3.29
3.09
2016
2017
2.93
3.28
Average annual rates for the 15 Year Mortgage: 1992 to present
Average daily rate per month for conventional 15 year mortgage rates are shown in gray.  Source:
Freddie Mac. The forecast for the  target month is shown in green.
15 Year Mortgage Rate - 5 Year History
2.0%
3.0%
4.0%
5.0%
6.0%
15 Year Mortgage Forecast
Compare US Interest Rates
1/14
1/2015
1/2016
1/2017
1/2018
1/2019
1/2020
1/21
Current Analysis & Forecast: 15 Year Mortgage Rate
15 Year Mortgage Interest Rate Forecast
   
Target Month:
Forecast:
HDTFA:
November, 2019
4.46%
0.55%
 
Forecast for the average daily mortgage interest rate for the 15 year
mortgage during the target month shown at the left. See Commentary
below.