The average 20-year mortgage rate today is 2.755%, up 0.001% from yesterday. Outlook for the rest of 2020: Homeowners will be able to request mortgage forbearance through the end of the year. This compensation may impact how, where and in what order products appear. Before you buy a home or refinance your mortgage, shop around to find the best mortgage lenders of 2020. All Rights Reserved. Our partners compensate us. Home sales are expected to increase in 2020 to … Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. 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. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our goal is to give you the best advice to help you make smart personal finance decisions. "There was a sizeable increase in total home sales, with strong monthly showings from both new and existing sales. Which certificate of deposit account is best? 3D home tours will continue to grow in popularity because they allow buyers to virtually visit multiple homes and narrow down their lists of homes to tour in person. The average rate for the benchmark 30-year fixed mortgage is 3.04 percent, an increase of 1 basis point over the last week. Rates will remain low for at least another year,” he says. For a while, some lenders were increasing rates because they were struggling to deal with the demand. One major … During her 10 years at Advocate Media/Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. Total mortgage origination volumes increased over the last several months, according to the forecast. At Bankrate we strive to help you make smarter financial decisions. The average rates on 30-year fixed and 15-year fixed mortgages both were higher. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Most agree that the biggest uncertainty looking ahead is the outcome of the November 3 election. Lenders nationwide respond to Bankrate.com’s weekday mortgage rates survey to bring you the most current rates available. Here is a list of our partners. Renters are vulnerable to the expiration of the eviction moratorium, with the potential of leaving millions unhoused. We maintain a firewall between our advertisers and our editorial team.

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