If interest rates decline this year, mortgage rates may also fall slightly. McBride predicts mortgage rates will fall to around 5.75% in 2024 — making home loans slightly more affordable for ...

Final verdict. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6% before the end of 2024.

"I don't [forecast] rates dropping much. I'd expect them to stay above 6% unless we get a major shift in the economic data," says Josh Green, a mortgage loan officer at Barrett Financial Group.

Bankrate’s Interest Rate Forecast for 2024: Mortgages, credit cards and more will stay pricey, even if the Fed cut rates. Sarah Foster . Tue, Jan 2, 2024, 12:01 PM 14 min read.

Savings interest rates peaked in 2023—but will that be true in 2024? Explore our 2024 interest rate forecast guide to see if this trend will continue. Credit Cards. Best Credit Cards.

Central bankers and investors sit far apart on where they expect interest rates, ... Goldman Sachs economists projected the Fed would share 2024 and 2025 rate forecasts of 4.9% and 3.6%, ...

McBride’s forecast shows the average HELOC rate falling to 8.45 percent by the end of 2024, more than 1.5 percentage point lower than where it settled at the end of 2023.