Tuesday, July 23, 2024
HomeEconomyMortgage interest rates are expected to decline in 2024

Mortgage interest rates are expected to decline in 2024


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If you are priced out of the housing market in 2023, you may have better luck finding an affordable home in 2024.

Mortgage rates are expected to fall about 1% by the end of the year – from 6.6% to 5.75% – according to the latest housing forecasts. That's good news for buyers, as the decline would reduce monthly mortgage costs by about $200 for the median-priced home.

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