Will Mortgage Interest Rates Go Down In 2024 . 1 but that doesn’t necessarily. Newly released projections by members of the fomc have the fed funds rate falling to an estimated 4.6% in 2024.
Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least slightly. At the end of 2023, with inflation easing, the federal reserve hinted that it would start cutting interest rates in 2024.
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