Mortgage Rates 2024 Forecast Usa Network. “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. Expect mortgage rates to remain well above 7 percent in may, and maybe closer to 8 percent if the run of disappointing inflation data continues.” rates last hit 8 percent in october 2023.

The forecast was last updated in november 2023. Catch a glimpse into the future of home financing with our expert insights on the mortgage industry’s 2024 interest rate projections.