As 30-year mortgage interest rates tumbled to 3.65% in October – a dramatic 1.06% below what they were a year ago - leading industry economists foresee rates declining even further in 2020. Forecasters from Fannie Mae, Freddie Mac and the Mortgage Bankers Association stated that they also believe the pace of home price increases will slow next year.
According to Freddie Mac economists, “Low treasury yields will keep mortgage rates subdued in the coming quarters.”