Mortgage Rates 2024 Forecast. 2, according to bankrate’s national survey of large lenders, up slightly from 6.24 the previous week. The mortgage bankers association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent.

Based on their 2024 mortgage rate predictions and other factors—including home prices, housing inventory, and buyer demand—here’s what our team recommends when it comes to buying a. High mortgage rates have acted to dampen demand, with the market seeing a fall in activity and properties taking longer to sell.