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:

1. Heading into 2024, mortgage rates have dropped faster in the preceding eight weeks than any eight weeks since 1982
2. 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
3. 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.

See Also

Bellaire, Memorial, Montrose/Museum District, River Oaks/Upper Kirby, Tanglewood, Washington Corridor/West End and West University.

For more go to https://homebuyer.com/research/2024-mortgage-rates