My New Blog

Mortgage rates in 2020

January 17th, 2020 9:24 PM by Sam Kader

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.

Posted in:mortgage rates, first time home buyers, and tagged: first time home buyers mortgage rates

Posted by Sam Kader on January 17th, 2020 9:24 PM

Ask Sam

Everyone is unique. Complete the form below and I will contact you personally.

My New Blog

Mortgage rates in 2020

Recent Posts:

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog:

Ask Sam