Will Home Loan Interest Rates Go Down In 2024

Will Home Loan Interest Rates Go Down In 2024. When will interest rates go down in 2024? Mortgage rates will have their biggest decrease in the first quarter of 2024, with the remaining quarters floating around the same average rate.

The mortgage bankers association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent. A flurry of economic data has led to the lowest mortgage rates in months.