15 Year Mortgage Forecast

Market Commentary 8759
December, 2011 Data:

12 MONTH FORECAST
The 12 month forecast for the 15 Year Mortgage Rate is in the table at the top
of this page. Forecast-Chart.com is forecasting that 15 Year Mortgage Rates
will be roughly 3.32% in one year. The table shows a HDTFA of 0.37% which
suggests that the January, 2013 rate could easily fall between 3.69% and
2.94%. Links to Forecasts for many other interest rates may be found on the
left side of this page.

HISTORICAL 15 YEAR MORTGAGE RATE
Average (Last 12 Months)        3.69%.
Average (Last 10 Years)          5.19%
High (Last 12 Months)             4.22% (February, 2011)
Low (Last 12 Months)              3.25% (December, 2011)
High (Since September, 1991)    8.80% (January, 1995)
Low (Since September, 1991)      3.25% (December, 2011)

MONTHLY 15 YEAR MORTGAGE RATE
Jan, 2011     4.1%
Feb, 2011     4.2%
Mar, 2011     4.1%
Apr, 2011     4.1%
May, 2011     3.8%
Jun, 2011     3.7%
Jul,   2011     3.7%
Aug, 2011     3.5%
Sep, 2011     3.3%
Oct, 2011     3.4%
Nov, 2011     3.3%
Dec, 2011     3.3%

HIGHLIGHTS
The 15 Year Mortgage Rate for December, 2011 averaged 3.25%. That's 6
basis points lower than the November, 2011 rate of 3.31%, and 81 basis points
lower than the December, 2010 rate of 4.06%. The fall in rates from November
to December indicates that the short term rate trend has been down. If that
market trend continues, we should see an average daily rate in January, 2012
that is close to 3.19%.

The average 15 Year Mortgage Rate for the last 12 months was 3.69%. The
average rate over the last 10 years was 5.19%. Lower 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 down.

The highest annual rate over the last 12 months was 4.22%. The lowest was
3.25%. The high annual rate was attained in February, 2011. The market low
was achieved in December, 2011.

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 6.25%. The highest rate was 8.80%. The lowest rate was 3.25%. The
market high was attained in January of 1995. The market low was achieved in
December of 2011. Recent rates experienced in December of 2011 are low
relative to the historical 6.25% average.

This page provides a five year chart and a forecast for 15 Year Mortgage
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.

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Historical 15 Year Mortgage Rates

Year

Percent

Year

Percent

Year

Percent

Year

Percent

1992
1993
1994
1995
1996

7.96
6.83
7.86
7.50
7.31

1997
1998
1999
2000
2001

7.13
6.59
7.05
7.73
6.51

2002
2003
2004
2005
2006

5.98
5.16
5.21
5.42
6.07

2007
2008
2009
2010
2011

6.03
5.62
4.58
4.10
3.69

Average annual rates for the 15 Year Mortgage are shown in this table: 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