Are Mortgage Rates Expected To Drop In 2024

Are Mortgage Rates Expected To Drop In 2024. Some experts expect mortgage rates to drop a little this fall, but how much will that rate drop be? The current mortgage interest rates forecast is for rates to continue on a gentle downward trajectory over the remainder of 2024.

High mortgage rates have put a squeeze on homebuyers and homeowners looking to refinance, but relief may be in sight. Realtor.com expects average rates to fall to 6.5%, while fannie mae predicts 6.7%.