Mortgage Rates 2024 News. September 10, 2024 / 10:01 am edt / cbs news the upcoming fed rate cuts could have a big impact on mortgage rates, but it may not make sense to wait. Experts are divided on whether mortgage rates would fall immediately after any rate cuts that occur this year.
One possible scenario is that mortgage rates could start the year flat and then fall sometime in the first half of 2024 around 0.5% to reach approximately 6.5% for. Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.