Will Home Mortgage Rates Drop In 2024. Mortgage rates are not going down right now, but expert rate predictions say they will end 2024 between 6.4% and 6.5%. Mortgage rates moved sideways through 2024.

“by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later. Mortgage rates dipped this week to a recent low, with analysts predicting a sharper drop in the coming months that could motivate potential home.