Will Mortgage Interest Rates Drop In 2024

Will Mortgage Interest Rates Drop In 2024. The federal reserve is poised to cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate hikes in roughly a. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.

Now that inflation is easing, mortgage rates are expected to decline throughout 2024. Rates are down as the fed gears up to start lowering the federal funds rate.