2024 Mortgage Rates Projection Settings

2024 Mortgage Rates Projection Settings. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%. Mortgage rates will probably remain above 7% in may as inflation hangs on, resisting the federal reserve's efforts to bring it under control.

When will mortgage interest rates go down? Forecast for 2024 projects mortgage rates to remain above 6.5%, with modest declines.