Will Interest Rates Go Lower In 2024. Amp chief economist shane oliver predicted there will be three rate cuts in 2024, starting in june, but he said rates would not go down as fast or as far as they had risen in recent. Overall, the current expectation is that the fomc will start to cut interest rates in 2024.
If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will. Here’s where experts think mortgage rates will start in 2024, how they think they’ll change and other economic.