Mortgage Rates In 2024 Predictions. Lower mortgage rates in 2024 — nar is predicting the average will be 6.3% by the fourth quarter, down from 7.8% in 2023’s final three months — will entice more owners to give. Experts predict some fluctuations throughout.
Rates rose steadily in early spring, finally. In 2024 as modest price declines take hold and mortgage rates dip, the typical purchase cost is expected to slip just under $2,200 which would amount to nearly 35% of income.