Will Mortgage Rates Go Down In May 2024. — whether mortgage rates will go up or down in 2024 depends on a few things. — mortgage rates are not going down right now, but expert rate predictions say they will end 2024 between 6.4% and 6.5%.
High inflation, a strong housing market, and policy changes by the federal reserve have all pushed rates higher in. — a more normal spread could knock a point off mortgage rates, but the central bank’s stance all but guarantees spreads will remain wider in 2024, says mcbride.
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