2024 Mortgage Rates: A 4.25% Forecast
This 2024 mortgage rates forecast compiles data from more than 4,000 daily mortgage rates and market events to highlight trends and make predictions first-time home buyers can use.
Here’s everything you need to know from our 2024 mortgage rate forecast:
- Heading into 2024, mortgage rates have dropped faster in the preceding eight weeks than any eight weeks since 1982
- Mortgage rates dropped 91 basis points, on average, one year after the Federal Reserve stopped raising rates and the Fed stopped raising rates in July 2023
- First-time home buyers will see 4.25% mortgage rates no later than this summer.
Plus, as a bonus to keep things fun, we built a mortgage rate roller coaster you can ride with a first-car perspective. Our mortgage rate roller coaster follows the precise path of the 30-year fixed-rate mortgage rate for conventional mortgages in the 12-year period, 2012-2023.
For more go to https://homebuyer.com/
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