READY SIGNAL CONTROL DATA

30 Year Mortgage Rates

Why Use This Data Source In Your Models?

30 year mortgage rates describes the daily average of 30 year mortgage rates in the US. This indicates the trend of interest rates overall as well as the long term fininacial outlook.

30 Year Mortgage Rates

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Automated Data Profiling

Ready Signal automatically profiles each data set and offers up suggested industry standard data science treatments to utilize with these data in your models.

Suggested Treatment:

The data shows seasonality. The data should be adjusted. While the Order Norm transformation, provides the best normality, the Arcsin variable will also perform well.

Grain Transformation:

Data is unable to be distributed by time or geography. The roll up method used is Weighted Average.

Source:
Board of Governors of the Federal Reserve

Release:
Mortgage Rates

Units:
Percent, Not Seasonally Adjusted

Frequency:
Weekly, ending Thursday

Available Through:
03/29/2023

Suggested Treatment:

The data shows seasonality. The data should be adjusted. While the Order Norm transformation, provides the best normality, the Arcsin variable will also perform well.

Grain Transformation:

Data is unable to be distributed by time or geography. The roll up method used is Weighted Average.

Auto Correlation Analysis:

Data does not show strong auto correlation indicating no need for differencing

The ACF indicates 0 order differencing is appropriate.

Further differencing is reccommended

Trend Analysis:

The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.30 p-value = 0.01 indicates that the data is not stationary.

Distribution Analysis:

The Shapiro-Wilk test returned W = 0.91 with a p-value =0.00 indicating the data does not follow a normal distribution.

A skewness score of 1.32 indicates the data are substantially skewed.

Hartigan's dip test score of 0.01 with a p-value of 0.76 inidcates the data is unimodal

Statistics (Pearson P/ df, lower => more normal)

No transform
4.87
Box-cox
1.57
Log_b(x-a)
1.47
sqrt(x+a)
1.51
exp(x)
13.83
arcsinh(x)
1.46
Yeo-Johnson
1.57
OrderNorm
1.10

Auto Correlation Function

Auto Correlation Function After Differencing

Partial Auto Correlation Function

Seasonal Impact

Seasonal and Trend Decompostion

Citation:

Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, December 15, 2019

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