2024 Mortgage Rates: A 4.25% Forecast
This 2024 mortgage rates forecast compiles data from more than 4,000 daily mortgage rates and market events to highlight trends and make predictions first-time home buyers can use.
Here’s everything you need to know from our 2024 mortgage rate forecast:
<ol>
<li>Heading into 2024, mortgage rates have dropped faster in the preceding eight weeks than any eight weeks since 1982</li>
<li>Mortgage rates dropped 91 basis points, on average, one year after the Federal Reserve stopped raising rates and the Fed stopped raising rates in July 2023</li>
<li>First-time home buyers will see 4.25% mortgage rates no later than this summer.</li>
</ol>
Plus, as a bonus to keep things fun, we built a mortgage rate roller coaster you can ride with a first-car perspective. Our mortgage rate roller coaster follows the precise path of the 30-year fixed-rate mortgage rate for <a href=”https://homebuyer.com/learn/conventional-mortgage” target=”_blank” rel=”noopener” data-saferedirecturl=”https://www.google.com/url?q=https://homebuyer.com/learn/conventional-mortgage&source=gmail&ust=1705810233278000&usg=AOvVaw0q4WbRvpQ3E9R-WmSQCQY9″>conventional mortgages</a> in the 12-year period, 2012-2023.
For more go to <a href=”https://ses.prsts.de/CL0/https:%2F%2Fhomebuyer.com%2Fresearch%2F2024-mortgage-rates/1/0102018d226c382a-fe805b0f-7bf0-42c0-b0a5-bffd142f7a54-000000/TxTWFLAm_yP_kHHb2rYRt1sx6BW1M5CGMlPVmWQMMpI=336″ target=”_blank” rel=”noopener” data-saferedirecturl=”https://www.google.com/url?q=https://ses.prsts.de/CL0/https:%252F%252Fhomebuyer.com%252Fresearch%252F2024-mortgage-rates/1/0102018d226c382a-fe805b0f-7bf0-42c0-b0a5-bffd142f7a54-000000/TxTWFLAm_yP_kHHb2rYRt1sx6BW1M5CGMlPVmWQMMpI%3D336&source=gmail&ust=1705810233278000&usg=AOvVaw1yFzBGnmDV4jjlJf2G7h0q”>https://homebuyer.com/<wbr />research/2024-mortgage-rates</a>