Interest Rates Predictions 2024. Fannie mae has estimated an. The latest monetary policy report says rates are expected to remain around 5.25% until autumn 2024 and then decline gradually to 4.25% by the end of 2026.
In other words, don’t hold your breath for a cut at either of its next two meetings, in march and may. Current mortgage refinance rates for february 2024. The consensus among industry professionals is that mortgage rates will gradually decline across 2024.
By The End Of 2025 It Will Have Fallen To 3.74%.
After almost two years of interest rates rising, many mortgage holders hope rates could be cut at some point in 2024. In the gdp projection conditioned on the alternative assumption of constant interest rates at 5.25% over the forecast period, growth is significantly weaker over the forecast period.
Earlier In The Year, Most Economists Pegged The First Rate.
The federal reserve is expected to ultimately cut interest rates in 2024, but in a measured way and with action weighted toward the second half.
