Will Home Loan Interest Rates Go Down In 2024. Experts predict that there may be a reduction of 50 bps or more in interest rates to benefit home loan borrowers. It's hard to predict exactly where mortgage interest rates will go in 2024, as much depends on factors like the state of the economy and how the fed responds to inflation.
“by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later. However, the increase has been steeper for home loan borrowers, economists say, because mortgage.