When Will Home Interest Rates Drop 2024 . Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%. Mortgage rates and home prices are expected to drop in 2024, housing experts predict, improving affordability for homebuyers.
Good news, home buyers — expect both lower mortgage rates and home prices in 2024, which could ease the cost of homeownership, redfin rdfn says. July mortgage interest rates forecast:
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Home Buying Interest Rates 2024 Drusi Madlen , Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%.
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