As 2019 wraps up, it’s time once again to consider what the future holds for mortgage rates.

Looking back over the past 12 months, it was another great year for anyone looking to buy a home or refinance, at least with regard to interest rates.

Sure, home prices aren’t on sale anymore, nor have they been for a long time, but financing remains dirt cheap, which is a big help for anyone struggling with affordability.

While most pundits expected rates to rise throughout 2019 (I said mostly flat, but was still wrong), they once again defied expectations and sank back near all-time lows.