Mortgage Interest Rate Trends 2024. Mortgage rate predictions july 2024. That’s up from 6.756% the last.
The interest rate, the cost of borrowing, is a significant component of mortgage rates. Mortgage rate predictions for this month, 2024, 2025, 2026, 2027 and 2028:
The Average Interest Rate, Per The Most Current Data Available As Of This Writing, Is 6.759%.
The mortgage bankers association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent.
Experts Estimate That Mortgage Interest Rates Should Peak Near 7% — Possibly Up To 8% — And Gradually Trend Lower, Potentially Landing Between 5% And 6%.
Fannie mae researchers expect prices to increase 4.8% in 2024 and 1.5% in 2025, while the mortgage bankers association expects a 4.5% increase in 2024 and a.