Mortgage rates are expected to be in the 3.7% range throughout at least the first six months of 2020, according to Freddie Mac and other mortgage loan predictors. However, you shouldn’t “count on” any predictions. They’re exactly that, predictions. The Federal Reserve Board is scheduled to meet in January 2020 and they’ve already announced its unlikely they’ll make any changes to the federal funds rate. The federal funds rate is the amount that banks charge each other for overnight loans and it can affect all other types of loans and credit, including FHA loans.