Will Mortgage Interest Rates Drop In 2024. The policy rate is 4.25%, while the last inflation reading for july 2024 was 2.5%. Economists predict interest rates will start falling in 2024.
With fed’s standstill, cuts could come soon, say experts. The mortgage bankers association predicts in its august mortgage finance forecast that mortgage rates will fall from 6.7% in the third quarter of 2024 to 6.5% by the fourth quarter.
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