2024 Mortgage Rates Forecast. While the uk economy remains on an unstable footing, there are signs that the wider. Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least.

Lower mortgage rates in 2024 — nar is predicting the average will be 6.3% by the fourth quarter, down from 7.8% in 2023’s final three months — will entice more. The mortgage bankers association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent.