Home mortgage rate predictions 2020
The average 30-year fixed mortgage rate started 2019 at 4.68 percent and steadily declined before closing out the year at 3.93 percent. In 2020, rates are expected to remain mostly stable, not Mid-2020 rate forecast: 30-year loan: 3.14%. 15-year loan: 2.75%. Reasons why: “According to the CME Fed Watch Tool, there is over an 80% probability of a 50-basis point cut in the Fed funds rate.