Interest rate rising in 2020
Greg McBride, CFA, Bankrate chief financial analyst, predicts mortgage rates will stay relatively stable around 4 percent in 2020. “The benchmark 30-year fixed rate mortgage will hopscotch back Are interest rates likely to rise in 2020? Analysis of the Bank of England’s (BoE’s) plans at the start of 2020 have suggested that interest rates are unlikely to rise this year, despite the greater certainty provided by the Conservative Government’s majority last year.