Will Home Mortgage Rates Go Down In 2024 Calendar. Mortgage rates are not going down right now, but expert rate predictions say they will end 2024 between 6.4% and 6.5%. Experts believe that once the fed cuts rates in 2024, refinance volume will improve as borrowers who took on high mortgage rates will jump at the chance to lower their monthly costs.

If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will decrease in 2024. Over half of those homeowners also.