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Mortgage rates in 2020
February 28th, 2023 9:15 AM by Sam Kader NMLS# 130505
If you are looking to buy a home or refinance in 2020, good news - today's low mortgage rates are expected to continue into 2020. The average 30-year fixed mortgage rate started at 4.68% in 2019 and steadily declined at the end of the year to 3.93%. In 2020, rates are expected to remain mostly stable not straying too far from the 4% mark. Inflation is something to watch out for especially towards the second-half of 2020. Another thing to watch out for is the 2020 presidential election which might compel the Fed to take a back seat to the political action in D.C. Historically, the Fed moves to the side-lines as it relates to rate hikes or cuts during the election and then steps back in to stimulate the economy by doing what they feel is necessary once the election is over.
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mortgage rates
Posted by Sam Kader NMLS# 130505 on February 28th, 2023 9:15 AM
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