20 YEAR MORTGAGE RATES FORECAST FOR NEXT WEEK, MONTHS

Updated: 2023/09/21

20-Year Mortgage Rates Today

This 20 year mortgage rate is a result of interpolation calculation of standard periods: 30 and 15 years. Standard averaged rates are calculated based on Freddie Mac's Weekly Mortgage Market Survey.

20-year mortgage rate for the last 4 weeks below.

Date	Rate
2023/9/21	6.76
2023/9/14	6.73
2023/9/07	6.72
2023/8/31	6.76
2023/8/24	6.78

The latest 20-year mortgage rate averaged 6.76% while last week it averaged 6.73 percent. 2 weeks ago the rate was at 6.72 and 4 weeks ago it was at 6.76%.

20-Year Mortgage Rates Forecast For Next Weeks

This table shows the forecasted 20-year mortgage rates for the upcoming weeks. Each row represents a week and includes the date, the ahead time (in weeks), the low rate, the high rate, and the average rate. The low and high rates represent the range of possible mortgage rates for that week, while the average rate represents the forecasted mortgage rate for that week. The mortgage rates can have a significant impact on the housing market.

Date	Ahead	Low	High	Rate
09/28	1W	6.59	6.99	6.79
10/05	2W	6.54	6.94	6.74
10/12	3W	6.48	6.88	6.68
10/19	4W	6.54	6.94	6.74
10/26	5W	6.68	7.10	6.89
11/02	6W	6.59	6.99	6.79
11/09	7W	6.43	6.83	6.63
11/16	8W	6.40	6.80	6.60
11/23	9W	6.19	6.57	6.38
11/30	10W	5.91	6.27	6.09
12/07	11W	6.41	6.81	6.61
12/14	12W	6.38	6.78	6.58
12/21	13W	6.13	6.51	6.32
12/28	14W	5.99	6.37	6.18
01/04	15W	6.13	6.51	6.32

20-year mortgage rate predictions for next week. The maximum mortgage rate is expected to be 6.99%, while the minimum is 6.59%. The average rate is 6.79%, which is +0.03 points to today's value.

20-year rate forecast for October 5.
The maximum mortgage rate is expected to be 6.94%, while the minimum is 6.54%. The average rate is 6.74%, which is -0.02 points to today's value.

20-year mortgage rate predictions for October 12.
The maximum mortgage rate is expected to be 6.88%, while the minimum is 6.48%. The average rate is 6.68%, which is -0.08 points to today's value.

20-year rate forecast for October 19.
The maximum mortgage rate is expected to be 6.94%, while the minimum is 6.54%. The average rate is 6.74%, which is -0.02 points to today's value.

20-year mortgage rate predictions for October 26.
The maximum mortgage rate is expected to be 7.10%, while the minimum is 6.68%. The average rate is 6.89%, which is +0.13 points to today's value.

20-year rate forecast for November 2.
The maximum mortgage rate is expected to be 6.99%, while the minimum is 6.59%. The average rate is 6.79%, which is +0.03 points to today's value.

20-year mortgage rate predictions for November 9.
The maximum mortgage rate is expected to be 6.83%, while the minimum is 6.43%. The average rate is 6.63%, which is -0.13 points to today's value.

20-year rate forecast for November 16.
The maximum mortgage rate is expected to be 6.80%, while the minimum is 6.40%. The average rate is 6.60%, which is -0.16 points to today's value.

20-year mortgage rate predictions for November 23.
The maximum mortgage rate is expected to be 6.57%, while the minimum is 6.19%. The average rate is 6.38%, which is -0.38 points to today's value.

20-year rate forecast for November 30.
The maximum mortgage rate is expected to be 6.27%, while the minimum is 5.91%. The average rate is 6.09%, which is -0.67 points to today's value.

20-year mortgage rate predictions for December 7.
The maximum mortgage rate is expected to be 6.81%, while the minimum is 6.41%. The average rate is 6.61%, which is -0.15 points to today's value.

20-year rate forecast for December 14.
The maximum mortgage rate is expected to be 6.78%, while the minimum is 6.38%. The average rate is 6.58%, which is -0.18 points to today's value.

20-year mortgage rate predictions for December 21.
The maximum mortgage rate is expected to be 6.51%, while the minimum is 6.13%. The average rate is 6.32%, which is -0.44 points to today's value.

20-year rate forecast for December 28.
The maximum mortgage rate is expected to be 6.37%, while the minimum is 5.99%. The average rate is 6.18%, which is -0.58 points to today's value.

20-year mortgage rate predictions for January 4.
The maximum mortgage rate is expected to be 6.51%, while the minimum is 6.13%. The average rate is 6.32%, which is -0.44 points to today's value.

Mortgage Rates Predictions 2023, 2024-2026.

Historical Mortgage Rates.

How is the 20-year mortgage rate forecast important for homebuyers?

The 20-year mortgage rate is an important factor for homebuyers who want to balance lower monthly payments with the ability to pay off their mortgage more quickly than with a 30-year mortgage. A 20-year mortgage typically has lower monthly payments than a 15-year mortgage, making it a more affordable option for many homebuyers. However, the shorter loan term means that borrowers will pay less interest over the life of the loan than with a 30-year mortgage, allowing them to save money in interest payments. Additionally, a lower interest rate on a 20-year mortgage can make it more affordable for homebuyers to purchase a more expensive home. The 20-year mortgage rate can also be a good option for borrowers who want to pay off their mortgage before retirement, while still having lower monthly payments than with a 15-year mortgage. Therefore, the 20-year mortgage rate forecast is an important factor for homebuyers to consider when determining the affordability and overall cost of their mortgage.

The rates and forecast are updated weekly (Thursdays).