interest rate forecast 5 years

The average for the month 17.32%. In order to sell all long-term bonds, the yield rises when short-term interest rates rise. By Charles Lewis Sizemore, CFA After starting 2022 at just 0.1%, the official cash rate is now 3.1% and tipped to rise further. Mortgage rates tend to stay higher for longer when inflation is high, whereas Treasury rates tend to be more sensitive to signs of economic slowing. 2022: 6 . Note that their predictions can be wrong. The average for the month 15.08%. The forecast range becomes wider, going from 2.6% (low) to 2.85% (high). Mortgage Interest Rate forecast for April 2023. causing a deeper recession than already forecast. The 15 Year Mortgage Rate forecast at the end of the month 8.24%. The average for the month 13.23%. 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. 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. When you get your house loan approved, the lender will usually project what interest rates are likely to be and then you can decide if you want to go with that interest rate or some other available option. The 30 Year Mortgage Rate forecast at the end of the month 11.87%. Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments a nationwide provider of turnkey cash-flow investment property. A number of factors can affect your mortgage interest rate, including the total amount of your mortgage loan, the mortgage terms, and the health of the housing market. While the country was not deemed to be in an official recession, something which is set by the National Bureau for Economic Researchs (NBER) Business Cycle Dating Committee, it was a big signal that economic activity is stuttering and pain could be ahead. A Premier Turnkey Investment Marketplace For Investors, Newly Listed Investment Properties For Sale In Affordable Growth Markets, Join our Real Estate Investment Group (FREE). The 30 Year Mortgage Rate forecast at the end of the month 10.46%. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. The average for the month 7.13%. The average for the month 16.65%. By David Payne The 15 Year Mortgage Rate forecast at the end of the month 12.00%. Mortgage Interest Rate forecast for June 2026.Maximum interest rate 18.06%, minimum 17.00%. Interest rates unlikely to rise above 5%, says Bank of England official Mortgage Interest Rate forecast for April 2023.Maximum interest rate 6.20%, minimum 5.84%. Repayment calculations based on a P&I loan with a term of 30 years. By Q4 2021, the median forecast would put a typical 5-year fixed-rate mortgage at 2.73%. The mortgage rate is updated weekly. Long-term CD rates generally follow Treasury yields with similar maturities. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Projected Interest Rates in 5 Years: How Much Will Rates Rise? The average for the month 8.76%. CBO expects inflation to exceed the Fed's 2 percent long-term goal in 2023 before approaching it in 2024. 5 Year Treasury Rate Forecast 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. Projected interest rates in 5 years in the UK. 30 Year Mortgage Rate forecast for March 2024.Maximum interest rate 10.17%, minimum 9.57%. The average for the month 15.36%. Published 28 February 23. In 2022, long-term interest rates are predicted to rise significantly from their 2021 lows. Interest Rate Forecast 2023/2024 - was last updated on Saturday, March 4, 2023. The average for the month 9.67%. In the bond market, the 10-year yield moved as high 2.246% but fell back to 2.18%. The 30 Year Mortgage Rate forecast at the end of the month 18.00%. For now, that fine-tuning appears to involve slightly higher rates. Past profits do not guarantee future profits. S&P 500 Prediction. 30 Year Mortgage Rate forecast for March 2025.Maximum interest rate 15.52%, minimum 14.62%. The average for the month 8.26%. Mortgage Interest Rate forecast for December 2026.Maximum interest rate 19.11%, minimum 17.95%. The average for the month 12.95%. 30 Year Mortgage Rate forecast for January 2024.Maximum interest rate 9.59%, minimum 9.03%. China Interest Rate Forecast For Next 5 Years New York, The 15 Year Mortgage Rate forecast at the end of the month 10.30%. 30 Year Mortgage Rate forecast for September 2025.Maximum interest rate 17.63%, minimum 16.61%. Mortgage Rates Forecast | Will Rates Go Down In March 2023? German DAX. 30 Year Mortgage Rate forecast for July 2024.Maximum interest rate 12.83%, minimum 11.75%. In that February report, the Bank's forecasts had predicted that real GDP would fall slightly over the coming quarters, as high energy prices and higher market interest rates continue to weigh on spending. 30 Year Mortgage Rate forecast for May 2024.Maximum interest rate 11.42%, minimum 10.46%. WSJ Prime Rate Outlook. Powell said that additional interest-rate increases will be needed to cool inflation amid a labor market that recent data shows remains very tight. The 30 Year Mortgage Rate forecast at the end of the month 12.46%. WASHINGTON -- A majority of the nation's business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of . As of 2 March, ING saw rates at 5% in the second quarter of 2023, rising to 5.5% in the third quarter and falling back to 5% in the final quarter of the year. 15 Year Mortgage Rate forecast for September 2025.Maximum interest rate 15.42%, minimum 14.52%. The 15 Year Mortgage Rate forecast at the end of the month 14.75%. Always conduct your own research. All of those are the actual series IDs in FRED. The question now is where in the 5% to 6% range rates will land in 2023. The average for the month 17.52%. The average for the month 6.54%. The 30 Year Mortgage Rate forecast at the end of the month 17.78%. The 30 Year Mortgage Rate forecast at the end of the month 13.46%. Mortgage Interest Rate forecast for October 2024.Maximum interest rate 11.89%, minimum 11.19%. On 5 August 2016, the target was set at 4%, with a tolerance band of 2% to 6% for the next five years ending 31 March 2021. The process starts when the Fed sets the FFR at the Federal Open Market Committee (FOMC) meeting, eight of which occur every year. The average for the month 17.56%. Fed signals its willingness to sacrifice growth to stop inflation - CNBC Organisation for Economic Co-operation and Development (OECD), Source: Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, DC, US, on Tuesday, Feb. 7, 2023. For stocks, that could mean companies and stocks dependent on consumer spending, like the retail and hospitality sectors, face headwinds. Latest available data for a fixed period, Published 19 December 22. Source: www.canstar.com.au - 10/11/2022. The Bank of England has raised interest rates for the 10th time in a row, but analysts predict it is nearing the peak. The 30 Year Mortgage Rate forecast at the end of the month 17.12%. Mortgage Interest Rate forecast for February 2026.Maximum interest rate 17.83%, minimum 16.79%. Mortgage Interest Rate forecast for February 2025.Maximum interest rate 15.16%, minimum 14.28%. In 2024, the Dutch bank saw interest rates ranging between 3% and 4.25%, staying at 3% by the end of 2025. Inflation, and the chances of a recession, will be top of the list. 15 Year Mortgage Rate forecast for May 2025.Maximum interest rate 13.40%, minimum 12.62%. The average for the month 11.09%. Organisation for Economic. Mortgage rates rose for the fourth consecutive week, as strong economic and employment data drove the increase. Soaring borrowing costs heap pressure on indebted UK firms Read more The 30 Year Mortgage Rate forecast at the end of the month 6.80%. The average for the month 8.31%. The 15 Year Mortgage Rate forecast at the end of the month 11.69%. The average for the month 17.38%. The 30 Year Mortgage Rate forecast at the end of the month 17.95%. Maximum interest rate 8.66%, minimum 8.16%. In their interest rates predictions as of 2 March, ING saw rates at 5% in the second quarter of 2023, rising to 5.5% in the third quarter and falling back to 5% in the final quarter of the year. Damian Shepherd. Past performance is no guarantee of future results. 4.5. The projected real interest rate on 10-year Treasury notesthat is, the rate after the effect of expected . Heres how retirees can benefit from changes in required minimum distributions (RMDs), qualified longevity annuities and IRA catch-up contributions. The 30 Year Mortgage Rate forecast at the end of the month 17.25%. The 30 Year Mortgage Rate will continue to rise further in 2026. The 15 Year Mortgage Rate forecast at the end of the month 15.78%. Mortgage Interest Rate forecast for August 2025.Maximum interest rate 18.04%, minimum 16.98%. Policymakers may look into economic indicators such as consumer price index (CPI), gross domestic products (GDP) and other benchmarks when deciding on monetary policy. Published 21 December 22. The 30 Year Mortgage Rate forecast at the end of the month 8.91%. 15 Year Mortgage Rate forecast for September 2023.Maximum interest rate 7.46%, minimum 6.91%. Canadian Mortgage Rates Will Rip Higher Soon, Here's How High The average for the month 10.09%. 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 average for the month 6.65%. The average for the month 18.61%. Markets This is lower than the long term average of 5.80%. The 30 Year Mortgage Rate forecast at the end of the month 17.53%. 15 Year Mortgage Rate forecast for March 2025.Maximum interest rate 13.39%, minimum 12.61%. 2010-2023, The Economy Forecast Agency. 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 15.08%. The 30 Year Mortgage Rate forecast at the end of the month 17.53%. 15 Year Mortgage Rate forecast for May 2024.Maximum interest rate 10.01%, minimum 9.17%. DJIA Prediction. 15 Year Mortgage Rate forecast for July 2023.Maximum interest rate 6.87%, minimum 6.47%. By Jeff Reeves The average for the month 5.99%. Maximum interest rate 12.23%, minimum 11.51%. This is not a wholesale shift from expectations at the end of 2022, as the Fed is still expected to be close to the top of its interest rate cycle. 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. India Interest Rate Forecast For Next 5 Years - capital.com David is both staff economist and reporter for The Kiplinger Letter, overseeing Kiplinger forecasts for the U.S. and world economies. The average for the month 17.37%. 3 Month LIBOR USD. Long-term interest rates are partially determined by investors expectations about the future path of short-term interest rates. Despite this, the Feds policymakers have divergent views, and therefore forecast a range of outcomes for interest rates in their projections. The 30 Year Mortgage Rate forecast at the end of the month 17.00%. 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. Like other major Western economies, the US has enjoyed an unparalleled period of low price and interest rate volatility. Mortgage rates will likely ease further. Part of the increase in interest rates on long-term Treasury securities through 2026 is attributable to an increase in term premiums. Part of the increase in interest rates on long-term Treasury securities through 2026 is attributable to an increase in term premiums. Bank of England raises rates sharply and warns of 13% inflation by end Two-thirds (71%) of Finder's panellists are under . The average for the month 7.48%. Here are nine to watch in an uncertain market. The average for the month 15.47%. 30 Year Mortgage Rate forecast for May 2023.Maximum interest rate 7.43%, minimum 6.80%. The 30 Year Mortgage Rate forecast at the end of the month 15.23%. (A basis point is equivalent to 0.01%.) As inflation forecasts show signs of cooling, what are the projected interest rates in 5 years in Canada? Due to rising short-term rates, long-term Treasury bond interest rates are likely to grow until 2026. The 30 Year Mortgage Rate forecast at the end of the month 9.17%. "If bank rate really were to reach 5 . The 30 Year Mortgage Rate will continue to rise further in 2025. 30 Year Mortgage Rate forecast for January 2027.Maximum interest rate 19.16%, minimum 18.04%. The average for the month 11.51%. The reason is that although . The 15 Year Mortgage Rate forecast at the end of the month 5.89%. 15 Year Mortgage Rate forecast for January 2024.Maximum interest rate 8.58%, minimum 8.08%. 30 Year Mortgage Rate forecast for July 2025.Maximum interest rate 17.51%, minimum 16.04%. 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. 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. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. As a result, it could make more sense to borrow at a lower rate, especially if you have a modest amount to spend on a home and are looking for a low-interest loan. Housing Market Crash: What Happens to Homeowners if it Crashes? 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 average for the month 18.64%. The 30 Year Mortgage Rate forecast at the end of the month 7.78%. The 30 Year Mortgage Rate forecast at the end of the month is 6.92%. 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. That's not good for you or your house price. The average for the month 5.89%. The 15 Year Mortgage Rate forecast at the end of the month 15.38%. The average for the month 13.65%. Feb/23. 30 Year Mortgage Rate forecast for September 2026.Maximum interest rate 18.34%, minimum 17.28%. Pent-up demand, especially for travel, means inadequate supply to chains still rocked by COVID-19, but Russia's invasion of Ukraine and energy insecurity have raised oil and gas prices. The reason is that although we are likely past peak inflation rates, certain prices continue to rise, suggesting that more work is needed for inflation to hit the Federal Reserves 2% goal. Markets now view it as probable that the Fed Funds rate reaches 5.25% to 5.50% in 2023. A term premium compensates bondholders for long-term bond risk. Bankrate's forecast shows those rates continuing to break records. Mortgage Interest Rate forecast for December 2024.Maximum interest rate 14.36%, minimum 13.52%. As Fed Governor Christopher Waller said on February 8, inflation remains quite elevated, and so more needs to be done. Further hikes beyond June are possible, as is the Fed making a larger 0.5-percentage-point move at an upcoming meeting. The average for the month 17.29%. The average for the month 15.27%. Mortgage interest rates follow the same pattern as the stock market does, with periods of high profitability followed by periods of low profitability. Finding the best ETFs to buy in a high-inflation environment can seem like a tall task, but these five picks are a good place to start. Texas Housing Market Predictions & Trends 2023, California Housing Market: Prices, Trends, Forecast 2023, 21 Best Cities to Invest in Real Estate in 2023, Atlanta Real Estate Market: Prices, Trends, Forecasts 2023, Dallas Housing Market: Prices, Trends, Forecast 2023, Houston Real Estate Market: Prices, Forecast, News 2023, Housing Market News 2023: Todays Market Update, Housing Shortage in the US: Challenges and Solutions. Mortgage Interest Rate forecast for December 2024.Maximum interest rate 12.36%, minimum 11.64%. The average for the month 15.04%. The 15 Year Mortgage Rate forecast at the end of the month 15.23%. The average for the month 5.99%. In CBOs projections, the interest rate on 3-month Treasury bills follows a similar path, rising to 1.4 percent by the fourth quarter of 2022, 2.3 percent by the fourth quarter of 2023, and 2.6 percent by the fourth quarter of 2024. Canadian Mortgage Rates May Climb Up To 7% By Next Year: Desjardins Capital Com is an execution-only service provider. 30-year fixed-rate loans are around 6.1%, after peaking at 7.1% in early November, while 15-year fixed-rate loans are around 5.1%. Mortgage Interest Rate forecast for October 2026.Maximum interest rate 18.54%, minimum 17.46%. OECD Economic Outlook: Statistics and Projections, Snapshot of data for a fixed period (data will not change even if updated on the site). The 15 Year Mortgage Rate forecast at the end of the month 15.23%. 30 Year Mortgage Rate forecast for November 2023.Maximum interest rate 9.22%, minimum 8.44%. Canada interest rate forecast 2022-2027. Rates on home equity lines of credit are typically connected to the fed funds rate and move in lock-step with it. 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. They . 15 Year Mortgage Rate forecast for May 2026.Maximum interest rate 16.18%, minimum 15.24%. Interest Rate in the United Kingdom averaged 7.12 percent from 1971 until 2023, reaching an all time high of 17.00 percent in November of 1979 and a record low of 0.10 percent in March of 2020. The average for the month 17.34%. Interest rate forecasts shouldnt be used as a substitute for your own research. Economic Forecast For 2022 & 2023: Recession May Begin Next Year. The 30 Year Mortgage Rate forecast at the end of the month 9.44%. Cost of servicing mortgage debt (as a % of households income). Part of the challenge for the Fed is the lagged effects of monetary policy. Interest rate estimates should not be utilized in place of your own study. 15 Year Mortgage Rate forecast for March 2023.Maximum interest rate 6.07%, minimum 5.71%. It could also mean higher insurance costs or a higher cost of living once you move in. The average for the month 6.65%. Kiplinger's Interest Rates Outlook: Fed Gives Some Clarity | Kiplinger The average for the month 17.48%. 15 Year Mortgage Rate forecast for July 2024.Maximum interest rate 11.25%, minimum 10.30%. Fed meeting: FOMC's prediction for interest rates, GDP and inflation - CNBC How to Find Investment Properties for Sale in 2023? 15 Year Mortgage Rate forecast for March 2026.Maximum interest rate 15.67%, minimum 14.75%. If you rely on the information on this page then you do so entirely on your own risk. The 30 Year Mortgage Rate forecast at the end of the month is 7.62%. The average for the month 15.87%. The average for the month 10.69%. Oregon Economic Forecast. The average contract rate on a 30-year fixed-rate mortgage increased by 9 basis points to 6.71% for the week ended Feb. 24, data from the Mortgage Bankers Association (MBA) showed on Wednesday, a . The average for the month 14.67%. PDF An Update to the Economic Outlook: 2020 to 2030 Stock Market Forecasts. Interest Rate Forecast for The Next 10 Years Current mortgage interest rate trends. That will help markets and the Fed get on the same page. Mortgage Interest Rate forecast for October 2023.Maximum interest rate 8.69%, minimum 7.96%. Interest rates, inflation: Westpac's rate cuts call, warning to RBA If you are currently working with a lender and are interested in switching providers, you should know that most lenders are required to give you 30 days' notice before changing rates. Rates to finance new cars are around 6% for buyers with good credit, and 9% for used-car buyers. United Kingdom Bank Rate (%, eop) - FocusEconomics Maximum interest rate 9.18%, minimum 8.64%. The average for the month 12.20%. The 30 Year Mortgage Rate forecast at the end of the month 13.15%. Mortgage Interest Rate forecast for August 2023.Maximum interest rate 8.01%, minimum 7.52%. The 30 Year Mortgage Rate forecast at the end of the month 12.15%. Long-term interest rate forecasts stretch into next year and over the next 10 Federal Open Market Committee (FOMC) meetings. 30 Year Mortgage Rate forecast for September 2023.Maximum interest rate 8.20%, minimum 7.72%. ING expected the BoE to keep its key rate unchanged at 3.75% from the fourth quarter of 2022 until the . 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. 30 Year Mortgage Rate forecast for March 2023.Maximum interest rate 6.85%, minimum 6.45%. The 15 Year Mortgage Rate forecast at the end of the month 14.42%. 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. This is a BETA experience. 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. Maximum interest rate 7.13%, minimum 6.71%. The average for the month 18.44%. Mortgage Interest Rate forecast for April 2024.Maximum interest rate 9.45%, minimum 8.65%. 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. 100. The average for the month 12.06%. In 2024, the Dutch bank saw interest rates ranging between 3% and 4.25%, staying at 3% by the end of 2025. Falling long-term rates and rising short-term rates are creating quite the inversion in the yield curve, with short rates now 1.3 percentage points higher than long ones. Last updated 16 February 23. "As the Fed raises interest rates, the mortgage market will simply yawn . Change for week +0.13. * The confidence interval is derived from forecasts of the average level of short-term interest rates in the fourth quarter of the year indicated; more information about these data is available in table 2. Savings Rates Are Rising: What To Know | Credit Karma Maximum interest rate 9.18%, minimum 8.41%. It is measured as a percentage. For example, if you are refinancing an existing loan and are in a city where house prices are low, you will pay less interest than if you were in a city where house prices are higher. The average for the month 17.68%. Mortgage Interest Rate forecast for June 2025.Maximum interest rate 14.03%, minimum 13.01%. Canadian 5-Year Fixed Mortgage Rates Can Climb To 7%. Florida Real Estate Forecast Next 5 Years: Will it Crash? Check out our earnings calendar for the upcoming week, as well as our previews of the more noteworthy reports. He forecasts house prices in the UK will fall by 5% between the end of this year and 2024. This forecast is likely to manifest as a decline in the coming year, a plateau in 2024, and then a period of relatively robust growth. That suggests that we may be past the peak of long-term CD rates. February 26, 2023, 2:06 PM. The 30 Year Mortgage Rate forecast at the end of the month 9.31%. 15 Year Mortgage Rate forecast for May 2023.Maximum interest rate 6.57%, minimum 6.02%. The Bank of Canada (BoC) raised interest rates for most of 2022, reaching a target rate of 4.25% heading into the new year. Mortgage Interest Rate forecast for February 2027.Maximum interest rate 16.15%, minimum 15.21%. 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? Here are the site's expert predictions for where mortgage rates could be headed. The average for the month 12.52%. Mortgage Interest Rate forecast for April 2026.Maximum interest rate 18.26%, minimum 17.20%. In 2022, CBO expects inflation to remain high due to factors that keep supply growing slower than demand in product and labor markets. 30-Year Mortgage Interest Rate Forecast for January 2023, 30-Year Mortgage Interest Rate Forecast for February 2023, 30-Year Mortgage Interest Rate Forecast for March 2023, 30-Year Mortgage Interest Rate Forecast for April 2023, 30-Year Mortgage Interest Rate Forecast for May 2023, 30-Year Mortgage Interest Rate Forecast for June 2023, 30-Year Mortgage Interest Rate Forecast for July 2023, 30-Year Mortgage Interest Rate Forecast for August 2023, 30-Year Mortgage Interest Rate Forecast for September 2023, 30-Year Mortgage Interest Rate Forecast for October 2023, 30-Year Mortgage Interest Rate Forecast for November 2023, 30-Year Mortgage Interest Rate Forecast for December 2023, Also Read: Mortgage Interest Rates Forecast 2022 & 2023. By Jeff Reeves The 30 Year Mortgage Rate forecast at the end of the month 11.68%. Basic Info. Long-term interest rates will likely continue trending down as the economy slows this year and as the inflation rate comes down. Fed's three-quarters of a point hike due, but forecast is top focus - CNBC In particular, we forecast seperately: The risk-free rate, using federal funds rate futures; The spread of the Treasury yield curve above the risk-free rate; further decomposed into a . 15 Year Mortgage Rate forecast for November 2024.Maximum interest rate 12.60%, minimum 11.54%. In April 2021, the target was extended until 31 March 2026. The average for the month 15.31%. The 30 Year Mortgage Rate forecast at the end of the month 18.57%. This page provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mortgage Interest Rate forecast for June 2023.Maximum interest rate 6.80%, minimum 6.38%. The 30 Year Mortgage Rate forecast at the end of the month 16.04%. Mortgage Interest Rate forecast for October 2026.Maximum interest rate 15.79%, minimum 14.87%. The 15 Year Mortgage Rate forecast at the end of the month 14.98%. Fed Funds Rate Outlook. According to Longforecast, the 30 Year Mortgage Rate will continue to rise further in 2023. Projected Interest Rates in 5 Years - Capital 10 Year Treasury Rate. CBO predicts those variables to fade, raising term rates. On 1 February, Morningstar analyst Preston Caldwell said he was sceptical the the Fed would continue raising interest rates throughougt 2023, predicting its February .