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Mortgage Interest Rate forecast for september 2020. maximum interest rate 4.02%, minimum 3.68%. The average for the month 3.82%. The 30 Year Mortgage Rate forecast at the end of the month 3.90%. A down payment of 20% or more helps you get a lower interest rate and avoid paying private mortgage insurance. But you may not need that much.
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Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year.