Mortgage Interest Rates Projection 2024. Still, many experts think mortgage interest rates will start to trend downward in 2024, although perhaps. Rates rose steadily in early spring, finally breaking 7% for the first time this year in april.

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 and home prices are expected to drop in 2024, housing experts predict, improving affordability for homebuyers.