Will Interest Rates Go Down In 2024 Mortgage. The most recent announcement by the federal reserve that its benchmark interest rate would remain unchanged could mean good news for home buyers who have. Mortgage rates are around 6%—will they drop further in 2024?
Will federal reserve rate cuts drop interest rates low enough to make it affordable enough for the average buyer, though? If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will decrease in 2024.
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