Mortgage Rate Projections 2024. That's the highest it's been in 23 years and. Most observers are expecting the fed to begin cutting rates in the first half of 2024.
Fannie mae’s economic & strategic research (esr) group provides analysis of current and historical data for the economy, housing and mortgage markets, and forecasts. The organization now predicts mortgage rates will be at 6.2% by the end of 2024 and 5.7% by q4 2025.