Mortgage Rates Expected To Drop In 2024

Mortgage Rates Expected To Drop In 2024. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. We can expect slightly lower.


Mortgage Rates Expected To Drop In 2024

Realtor.com expects average rates to fall to 6.5%, while fannie mae predicts 6.7%. Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least slightly.

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