Mortgage Loan Interest Rates 2024. Since the start of 2024, average mortgage rates have been fluctuating between 6.5% and 7.5%. Heading into 2024, mortgage rates dropped faster in the preceding 8 weeks than any 8 weeks since.
Still, most economists think mortgage rates will reverse course. Connect with us to estimate your personalized rate.
Experts Estimate That Mortgage Interest Rates Should Peak Near 7% — Possibly Up To 8% — And Gradually Trend Lower, Potentially Landing Between 5% And 6%.
Check today’s mortgage rates for buying or refinancing a home.
The Rates Listed Here Are Bankrate's Overnight Average Rates And Are Based On The Assumptions Shown Here.
Here are the highlights of our 2024 mortgage rate forecast:
Heading Into 2024, Mortgage Rates Dropped Faster In The Preceding 8 Weeks Than Any 8 Weeks Since.
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Of Those Polled, 55 Percent Of Respondents Predict Rates Will Drop, 27 Percent Expect Rates To Rise And 18 Percent Expect Rates To Stay The Same Over The Next Week.
Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%.
Heading Into 2024, Mortgage Rates Dropped Faster In The Preceding 8 Weeks Than Any 8 Weeks Since.
Still, most economists think mortgage rates will reverse course.
Here Are The Highlights Of Our 2024 Mortgage Rate Forecast: