When Will Mortgage Rates Drop 2024

When Will Mortgage Rates Drop 2024. With fed’s standstill, cuts could come soon, say experts Homebuyers might consider buying now and refinancing later to avoid increased competition when rates drop.

Mortgage rates are expected to decrease by nearly 1% by year’s end — from 6.6% down to as little as 5.75% — according to recent housing forecasts. Experts are divided on whether mortgage rates would fall immediately after any rate cuts that occur this year.