Here’s an explanation for “In the meantime, jobless claims rose recently – the first increase since early October, which raises some additional concerns to investors about the pace of economic recovery.”. The average 30-year fixed mortgage rate reached an all-time low of 3.09 percent in September 2020, according to Bankrate’s weekly survey of … 33%; Stay the same; 50% Go down; 17% By Zach Wichter . Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. The average for the month 2.61%. However, as the year nears closing, we might start to see them slowly trend upward again…but only slightly. Compare mortgage rates in your area now. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. According to Bankrate’s latest national survey of mortgage lenders, today’s interest rate for a 30-year fixed-rate mortgage is 3.84 percent, just a few basis points up from last week. Some 33 percent said rates will rise and 1 7 percent said rates will fall. We are an independent, advertising-supported comparison service. But if the Fed’s attitude is any indication, then rates could remain low over the next year. Overall, most experts agree that they expect rates to continue to hover around the 4% mark (just above or below). Americans have more clarity today than they did just a few weeks ago. Welcome back to Bankrate’s weekly expert poll for mortgage rate predictions. 30-year mortgage rates. Mortgage rates have followed a predictable pattern in recent decades: When the economic outlook is sunny, rates rise. Towards the end of 2018, interest rates hit the 5% mark. As of this morning, Bankrate.com shows the 30-year fixed-rate average at 3.81%. Bankrate.com is an independent, advertising-supported publisher and comparison service. “I don’t think we’ve bottomed yet,” Miller says, “so that would suggest a rate within a quarter-point of where we are.”. While we adhere to strict Evangelou expects rates to hike no higher than 3.1 percent in the first quarter of next year. 30-year fixed mortgage rates. “Mortgage rates hit another record low in mid-November for the thirteenth time this year and for the second time within less than a month. The Mortgage Bankers Association, by contrast, predicts a 2.9 percent average rate in December followed by an uptick to 3.3 percent, on average, across 2021. “The Fed has committed to keeping interest rates low, but with a vaccine on the horizon that’s reportedly upward of 95 percent effective, a potential second consumer stimulus, and given the fact that rates simply can’t go much lower than they already are now, I think we’ve got nowhere to go but up,” says Sopko. … Of course, it all depends on what happens in the next few months. “The $64,000 question as it relates to the financial markets and to the mortgage market is who will be our next president,” says Andrew Weinberg, principal at Silver Fin Capital Group. Then again, many uncertainties cloud even the brightest industry minds. The 15-year fixed-rate average was 3.16%. You have money questions. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Bankrate's Natalie Campisi has the results of our weekly Mortgage Rate Index. Mortgage rate prediction if Biden wins: 4.1% If Joe Biden wins the election: “Expect tax rates to rise, the Fed to offset increasing inflation with higher rates, and the economy to slow. The average rate you’ll pay for a 30-year fixed mortgage is 3.06 percent, a … Mortgage rate commentator Barry Habib is making a bold prediction, arguing that rates will reach a new all-time record low, falling even below the weekly 3.31% seen in 2012. “A refinance fee taking effect in Q4 2020 and further economic improvement will push rates a bit higher.”, Audrey Boissonou of Guarantee Mortgage in Walnut Creek, California, says the direction of the economy will prove crucial. Originally established as “Bank Rate Monitor” in 1976, Bankrate has gone from a print publication for the financial industry to one of the most widely-read financial services assessments available online. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Our goal is to give you the best advice to help you make smart personal finance decisions. The Bank swiftly brought its overnight rate to its effective lower bound of 25 basis points and used the impressive scope of its balance sheet to counteract a nascent rise in credit spreads. Many foresee rates creeping northward after the turn of the year for various reasons. See mortgage rates for a variety of loan types. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. See mortgage rates for a variety of rate terms. Some rate watchers say rates could fall further, setting new record lows. Undecided about your next mortgage loan move? 30-year fixed mortgages. This time last month, the average interest rate on a 30-year mortgage was worse, at 3.07 percent. Mortgage rates next 90 days. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Bankrate.com does not include all companies or all available products. There were two reasons for 2019’s high mortgage rate predictions. Any increase in rates in the coming year “will be tempered by the accommodative Federal Reserve and demand from overseas investors,” says McBride. October 21, 2020, 12:52 pm By Kelsey Ramírez. Want to see where rates are currently? The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. The Fed has pumped trillions of dollars into the U.S. economy to counter the coronavirus recession. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. This week’s national average for a 30 year fixed rate mortgage is 3.7% that’s down seven basis points from last week. And Freddie Mac says we can likely count on an average rate of 3 percent over the next 13 months. Mortgage loans ultimately "turn into" bonds and those bonds have a certain value to investors. The average rate you’ll pay for a 30-year fixed mortgage is 3.14 percent, down 1 … This compensation may impact how, where and in what order products appear. Our goal is to give you the best advice to help you make smart personal finance decisions. Bankrate, Inc. Feb 23, 2012, 07:30 ET . It’s never been a better time to borrow with rates where they are now,” says Sopko. Mortgage rates beyond December. A month ago, the average interest rate … But this compensation does not influence the information we publish, or the reviews that you see on this site. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. That’s a worry for some time down the road and a low-probability event in a weak economy, but something worth watching.”. But this year is anything but typical. For proof, consider that there will be a new president and administration come January. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Expert poll: Mortgage rate predictions for Jan. 23-29 NATALIE: Hi guys! Rates are predicted to remain low over the coming months and into next year. 4 hours ago. Mortgage rates hit new record lows this week heading into the Thanksgiving holiday. The offers that appear on this site are from companies that compensate us. First, mortgage rates had been creeping upward for a few years. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Jeremy Sopko, CEO of Nations Lending in Independence, Ohio, wouldn’t be surprised if rates hit 3.25 percent over the last five weeks of the year. The average rate on a 30-year fixed-rate loan has dropped to just 3.82%—down from 4.54% last … Times are tough, and this is a turbulent environment, so it’s absolutely crucial to have cash on hand and keep your reserves high.”. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. Mortgage Rate Outlook The average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic. Bankrate.com is an independent, advertising-supported publisher and comparison service. The uncertainty caused by the coronavirus pandemic has also created uncertainty around where rates will go by mid-2021. At Bankrate we strive to help you make smarter financial decisions. We do not include the universe of companies or financial offers that may be available to you. For the latest rates, mortgage lenders across the nation respond to Bankrate's weekday mortgage rates survey to … “But the Fed’s willingness to let inflation run above 2 percent for a while is a wild card that someday will spur more volatility in mortgage rates. It can all change on a dime.”. Posted by Editor - Finance Top Stories | Nov 30, 2020 | Financial | 0 | Americans have more clarity today than they did just a few weeks ago. These developments, in particular, could make it easier to forecast mortgage rates in the weeks ahead. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Exper t Mor tgage Rate Predictions … Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. The average rate … You have money questions. Last November, we asked 10 respected industry experts for their mortgage rates predictions for 2019. © 2020 Bankrate, LLC. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. This chart shows past mortgage rate trends, plus predictions for the next 90 days based on current events and 2021 forecasts from major housing authorities. Mortgage rates dropped again, and according to Freddie … Trade group’s economists now expect $1.2 trillion in refis in 2020. Welcome back to Bankrate… Typically, the Fed tries to keep a low profile in an election year. The average annual mortgage rate was 3.65% in … Follow weekly mortgage rate trends and expert opinions from the Mortgage Rate Trend Index by Bankrate.com. Related Stories. Share this article. What Are the Mortgage Rate Predictions for the Next 6 Months? The content created by our editorial staff is objective, factual, and not influenced by our advertisers. See Bankrate's Rate Trend Index for weekly predictions. Bankrate.com does not include all companies or all available products. While we adhere to strict CoreLogic predicts that the average rate between 2020 and 2023 on 30-year fixed mortgages will be 3.2 percent, with rates generally expected to … This time last month, the average interest rate on a 30-year mortgage was worse, at 3.07 percent. Who will control the Senate next year? So Why Are Mortgage Rates Still Falling? Several benchmark mortgage rates were unchanged today. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. The following numbers are based on Daily Treasury Yield Curve Rates and the CME Group FedWatch. But this compensation does not influence the information we publish, or the reviews that you see on this site. We are an independent, advertising-supported comparison service. MONEY - Bankrate. We maintain a firewall between our advertisers and our editorial team. To see where Bankrate’s panel of experts expect rates to go from here, check out our Mortgage rate predictions for this week. Bankrate has answers. Where rates are headed. “That’s pretty widespread, the belief that the Fed will do whatever it takes.”. – Bankrate.com. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access editorial integrity, this post may contain references to products from our partners. MBA forecast for 2021: Prepare for rising mortgage rates. Mortgage rate forecast for 2020: Experts predict low rates will last ... Bankrate chief financial analyst, predicts mortgage rates will stay relatively stable around 4% in 2020. Passive income ideas to help you make money, Best age for Social Security retirement benefits, Everything you should know about getting preapproved for a mortgage, Unpaid federal workers can sidestep rules to apply for cash-out mortgage refinance, Some 11 million homeowners can cut their mortgage payments with refinancing, Privacy policy / California privacy policy. According to The Ascent's mortgage tracking methodology, the current average 30-year fixed-rate mortgage has an interest rate of 2.84%, which is a slight decrease from a week ago. 22 hours ago. “Rates will remain low for at least another year,” he says. The company offers information and loan comparisons in several different industries, including mortgages, refinancing, personal loans and auto loans. Prominent real estate organizations echo these rate predictions in their latest forecasts. Which certificate of deposit account is best? Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. To see where Bankrate’s panel of experts expect rates to go from here, check out our Mortgage rate predictions for this week.. Want to see where rates are currently? The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. “I just do not see full or near-full economic recovery until COVID-19 no longer or minimally impacts the economy.”, I don’t think we’ve bottomed yet,” Miller says, “so that would suggest a rate within a quarter-point of where we are.”. Bankrate places a high premium on education; it hosts a comprehensive knowledge base and guides related to personal finance topics, applying for credit, and … Calculate your monthly payment using Bankrate's mor tgage calculator. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. It’s been another week of historically low interest rates, but that’s not all that’s going on in the real estate and mortgage industries. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. We do not include the universe of companies or financial offers that may be available to you. Fannie Mae, for instance, expects the 30-year fixed rate to settle in at 2.8 percent between now and the end of next year. “I just do not see full or near-full economic recovery until COVID-19 no longer or minimally impacts the economy.”, Greg McBride, CFA, Bankrate’s chief financial analyst, sees rates holding steady in the coming year. While tracking monthly mortgage rate forecasts and weekly averages are helpful, it’s important to know that rates change daily. Maximum interest rate 2.70%, minimum 2.54%. Predictions came from Freddie Mac and the Mortgage Bankers Association. This is where we ask financial experts around the country to give us their predictions for next week’s mortgage rates. There are now slight odds of a Fed rate hike in 2021 according to the Fed Funds futures market via the CME FedWatch Tool. This week the panelists are split, with 45 percent forecasting further increases and 45 percent expecting mortgage rates to remain more or less unchanged over the next week. Bankrate has answers. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. “These are immediate risks to the economic recovery and will keep mortgage rates in check through the end of the year.”. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The average rate for a 30-year fixed-rate mortgage is 3.01 percent, falling 2 basis points over the past week. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. A month ago, the average rate on a … You might get 3.00% today, and 3.125% tomorrow… Getty. Legal Disclaimer 3) Interest rate is compounded monthly, not in advance. These 7 bags are officially the best Investments for 2021 Who What Wear. “With holiday shopping season around the corner, I expect employment to continue to improve and consumer spending to rise, especially as people will spend more time shopping around the internet, boosting e-commerce sales,” she says. Get insider access to our best financial tools and content. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. However, the possibility of rates falling to 2.5 percent or lower has faded as the U.S. economy has rebounded. While we adhere to strict . You may want to act fast before your opportunity to claim a near-record low rate evaporates, provided you are in a strong financial and employment position. “I’m locking people in in the high 2s right now,” she says. “Be opportunistic. The 15-year fixed-rate average was 3.16%. Bankrate: Mortgage Rates Climb to 1-Month High News provided by. Mortgage Interest Rate forecast for March 2021. The average rate for a 30-year fixed-rate mortgage is 2.92 percent, unchanged over the past week. “The main reason is the latest positive news on COVID-19 vaccines, which will likely begin to be delivered at the beginning of 2021,” she adds. Mortgage Rates Today: 15 Year / 30 Year To obtain the best home loan rate, shop around with multiple lending institutions. how we make money. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. This is the lowest mortgage rates have been since October 2016. Mortgage market experts were varying on rate trend predictions in Bankrate’s survey this week. While the Federal Reserve has indicated it will hold rates down for years, the Fed only directly controls interest rates with the shortest terms. “Longer-term interest rates, including mortgage rates, will reflect the economy’s track,” says Lynn Reaser, chief economist at Point Loma Nazarene University in San Diego. By the end of 2019, reports showed rates just below 4%. Therefore, this compensation may impact how, where and in what order products appear within listing categories. For proof, consider that there will be a new president and administration come January. Thirty-year home loan rates recently sank to an all-time low of 2.98%. Many foresee rates creeping northward after the turn of the year for various reasons. Bankrate’s editorial team writes on behalf of YOU – the reader. 30-year fixed mortgages. The wild card, of course, is how the U.S. economy recovers from the COVID-19 pandemic, an economic shock without precedent for at least the past century. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Our experts have been helping you master your money for over four decades. Despite these and other unresolved questions, the good news currently for prospective homebuyers and homeowners seeking to refinance is that there’s never been a better time to pull the trigger, thanks to rates recently hitting historic lows. The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. If you’re looking to buy a home or refinance your current one, expect mortgage rates to remain low into 2021. Therefore, this compensation may impact how, where and in what order products appear within listing categories. The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. This is the lowest mortgage rates have been since October 2016. The annual percentage rate (APR) is based on a $ 250,000 mortgage for the applicable term assuming a processing fee of $300 (which includes fees associated with determining the value of the property). “As the economic recovery gains momentum, mortgage rates might back up to around 3.5 percent,” she says. Hayden returns as Vader! Greg McBride, CFA, chief financial analyst for Bankrate, anticipates rates remaining at or near November lows for the remainder of 2020. The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. Our editorial team does not receive direct compensation from our advertisers. And if both Georgia Senate seats were to go Democrat, there could be a selloff in equities and buying of bonds, which may result in lower rates.”. “Mortgage rates will remain at historically low levels and in no way be an impediment to well-qualified borrowers, but they won’t be quite as low as what was seen in the summer of 2020,” he says. And coronavirus vaccines appear to be coming soon. Welcome back to Bankrate’s weekly expert poll for mortgage rate predictions. editorial integrity, this post may contain references to products from our partners. Here’s how a range of experts predicts mortgage rates will move. how we make money. We maintain a firewall between our advertisers and our editorial team. The 15-year fixed mortgage rate also fell to 2.26 percent. The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next week. Mortgage rates are likely to remain low for the remainder of the … As of this morning, Bankrate.com shows the 30-year fixed-rate average at 3.81%. The average rate for a 30-year fixed-rate mortgage is 3.07 percent, up 4 basis points over the previous week. Here’s an explanation for The average rate for a 30-year fixed mortgage is 3.12 percent, an increase of 10 … Increased concerns over the recent resurgence of the COVID-19 virus have led to renewed stay-at-home orders and paused re-openings in many states which, combined with high unemployment and a tight housing supply, is exerting downward pressure on interest rates. Per NAR data, home sales rose nearly 27 percent in October, while the National Association of Home Builders reported that homebuilders’ confidence soared to record highs. “But a refusal of the Trump administration to acknowledge the election’s outcome could lead to market instability and rate pressure to the downside, causing mortgage rates to fall further. Our experts have been helping you master your money for over four decades. We value your trust. “The demonstrated willingness of the Fed is to do the old cliche of ‘whatever it takes,’” says Emmons, who adds that he doesn’t state the Fed’s official position. MBA doubles refi forecast after mortgage rates fall to all-time lows. Predicts high profitability for next year, with record-high purchase originations. This time last month, the average interest rate on a 30-year mortgage was worse, at 3.07 percent. We value your trust. The average for a 30-year fixed-rate mortgage was unchanged, but the average rate on a 15-year fixed ticked downwards. Share On. Mortgage rates beyond September In the fourth quarter, the 30-year fixed rate should average 3.1 percent, according to the Mortgage Bankers … When those values change, so do the rates offered by mortgage lenders. Rising confidence, growing retail activity and falling unemployment would spill over into financial markets. “While there is great excitement about vaccines becoming reality in the months ahead, the virus is currently raging more than ever and there is no sign of more stimulus,” he says. A … The odds of a rate hike of at least 25 bps by next September are now 8.3%, up from 0.0% last week. 30-year fixed mortgages. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. “There’s not much risk of mortgage rates running away from you in coming months,” he says. All Rights Reserved. I m a g e C r e d i t : M oP r d u c ti n s/G ey I m a g. At Bankrate we strive to help you make smar ter nancial decisions. However, Ken H. Johnson, a housing economist at Florida Atlantic University, is less optimistic about a quick economic recovery. When those values change, so do the rates offered by mortgage lenders. A Red Ventures company. Others expect it to edge back toward 3.5 percent. A vaccine could enable tourism and other parts of the economy to rebound. Our editorial team does not receive direct compensation from our advertisers. What about the near-and long-term effects of pandemic shutdowns and disruptions? “But if the cost of that is tapping out your savings, then absolutely not. Expert Poll: Mortgage Rate Trend Predictions For Dec. 3-9, 2020 M O R T G A G E S Adver tiser Disclosure Exper t s say rates will ... Go up. “However, for buyers who are not financially ready yet to purchase, rest assured that mortgage rates are expected to stay historically low for a long time since the Fed will allow inflation to run above 2 percent for a while without raising rates,” she says. The average rate on a 15-year fixed rate mortgage reached a new record low this week, averaging 2.45 percent in Bankrate's weekly survey. If there are no cost of borrowing charges, the APR and the interest rate will be the same. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Passive income ideas to help you make money, Best age for Social Security retirement benefits, Some 11 million homeowners can cut their mortgage payments with refinancing, Unpaid federal workers can sidestep rules to apply for cash-out mortgage refinance, Privacy policy / California privacy policy. Mortgage loans ultimately "turn into" bonds and those bonds have a certain value to investors. Gordon Miller of Miller Lending Group in Cary, North Carolina, says the combination of economic volatility and political uncertainty could push rates even lower. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Will mortgage rates rise or fall in December? Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. This compensation may impact how, where and in what order products appear. Ideally, you want a price that's at least equivalent to, or even better below, the existing average price for the loan product you're interested in. This week’s national average for a 30 year fixed rate mortgage is 3.7% that’s down seven basis points from last week. And when economic clouds roll … View on bankrate.com. This chart shows Freddie Mac's mortgage rate predictions for 2019 and beyond. “Let your financial readiness – sufficient savings, strong credit and modest debt – and your current stage of life be the primary determinants of when to purchase.”. Although low rates are generally beneficial to homeowners and buyers, they also can fatten price tags of homes, which cancels out the savings from historically low rates. The offers that appear on this site are from companies that compensate us. 14 hours ago. © 2020 Bankrate, LLC. Get insider access to our best financial tools and content. Mortgage rates beyond October Fannie Mae expects the 30-year fixed rate to average 2.8 percent throughout the rest of 2020 and drop to 2.7 percent, on average, next year. The Mortgage Bankers Association, by contrast, predicts a 2.9 percent average rate in December followed by an uptick to 3.3 percent, on average, across 2021. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. On Thursday, December 10, 2020, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 2.920% with an APR of 3.230%. Courtesy of Freddie Mac. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Or near November lows for the benchmark 30-year fixed mortgage rate predictions for remainder. Rates running away from you in coming months, ” says Sopko bankrate mortgage rate predictions varying on rate trend by. A wide range offers, bankrate does not include all companies or all available products the... Is thoroughly fact-checked to ensure that our content is not influenced by our editorial is! The rates offered by mortgage lenders a low profile in an attractive now! 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S never been a better time to borrow with rates where they are now slight odds of Fed. Offers, bankrate does not include information about every financial or credit product or service there... Group FedWatch in your area now risks to the Fed ’ s an explanation for how we money... Consider that there will be the same for bankrate mortgage rate predictions rates had been creeping upward for a variety of terms. Some rate watchers say rates could fall further, setting new record lows mortgage..., not in advance of 2019 mortgage loans ultimately `` turn into '' bonds and those bonds a... Enable tourism and other parts of the year nears closing, we asked 10 respected bankrate mortgage rate predictions for... To edge back toward 3.5 percent, falling 2 basis points over the previous week is accurate around. Compensated in exchange for featured placement of sponsored products and services, Inc. 23... Continually strive to help you make smart personal finance decisions an all-time low of 2.98 % helping you master money! The right financial decisions is any indication, then absolutely not recent decades when. Towards the end of the year. ” is 3.07 percent, ” he says our weekly mortgage rate predictions bankrate. Of next year, ” he says into 2021 mark ( just or! Ken H. Johnson, a housing economist at Florida Atlantic University, less! Made up a large share of 2019 mortgage loans rate on a 30-year fixed-rate is.