Will Home Mortgage Rates Go Down In 2024 Usa. The mortgage bankers association projects a 6.6% rate by the end of. Why mortgage rates will settle near 6% and not go towards 5%.
Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least. “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later.