Expected Mortgage Rates 2024. Newly released projections by members of the fomc have the fed funds rate falling to an estimated 4.6% in 2024. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the.
Lower mortgage rates in 2024 — nar is predicting the average will be 6.3% by the fourth quarter, down from 7.8% in 2023’s final three months — will entice more. Rates rose steadily in early spring, finally breaking.