Mortgage Rate Predictions 2024. Some economists are revising their rate predictions, looking for them to be higher this year than previously thought. That suggests the fed will cut rates by 0.75.
That’s down from 7.8% in late october, but way up from the 3% or so we saw in 2021. Here are the highlights of our 2024 mortgage rate forecast:
Some Economists Are Revising Their Rate Predictions, Looking For Them To Be Higher This Year Than Previously Thought.
Will mortgage rates go down in april?
This Is Because Lenders Consider Them Less Risky.
That’s down from 7.8% in late october, but way up from the 3% or so we saw in 2021.
Is 2024 A Good Time To Remortgage?
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Is 2024 A Good Time To Remortgage?
This is because lenders consider them less risky.
Employers Have Added An Average Of 265,000 Jobs In Each Of The Last Three Months.
Mortgage rates will spend the bulk of the year in the 6s, with movement below 6 percent confined to the back half of the year.