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Roger Rabbit, Mortgage Originator
(888) 777-9999


Forecast for the week of October 26, 2020

Please enjoy this complimentary mortgage rate forecast to keep you informed of where interest rates may be headed, to help you gain the advantage when securing low rates and payments.

Last Week's Mortgage Rate Recap

Rates slightly worse


Average mortgage rates worsened through the week, contrary to some headlines that tracked old data and said rates hit a new low. Still, although rates did get slightly higher, it wasn't a big move.

This Week's Mortgage Rate Forecast

Rates could see volatility, but could improve


Average mortgage rates this week could show some volatility, depending on how markets trade heading into the elections next week. Rates could improve a bit though after losing ground last week, but the upside potential is limited. Consumers looking to minimize risk may want to still consider locking and should talk it over with their mortgage professional.

What's affecting rates this week:

  • Economic data: The week does have a lot of economic data and activity, which could play a small role in rates moving from day to day.
  • Economic stimulus: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low and limiting how far rates could rise.
  • Stimulus talks: A stimulus deal still not done, now considered extremely unlikely to be done before the election.
  • Elections Nov 3rd: Speculation of who will win the presidential election as well as House and Senate seats could cause some volatility this week.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at (888) 777-9999 or

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All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report.

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Hammer Solutions, LLC 260 Leaping Cat Ln Waynesville, North Carolina 28785 United States (973) 200-6808