Will Mortgage Interest Rates Drop In 2024 Lok. — greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. The federal reserve announced its fourth consecutive rate hold yesterday.
Mortgage rates just sank to their lowest level in 15 months, according to data released thursday, a welcome development for prospective. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025.
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