Home Interest Rates January 2024. The current mortgage interest rates forecast is for rates to embark on a gentle downward trajectory over the remainder of 2024. Mortgage rates and home prices are expected to drop in 2024, housing experts predict, improving affordability for homebuyers.
Experts estimate that mortgage interest rates should peak near 7% โ possibly up to 8% โ and gradually trend lower, potentially landing between 5% and 6%. The mortgage reports receives rates based on selected criteria from multiple lending partners each day.