Are Mortgage Rates Going Down In 2024. As of august 20, according to credible data gathered from more than 500 u.s. While it’s not possible to make accurate uk mortgage rate predictions for the next 5 years, the office for budget responsibility has forecast that mortgage rates on average are.

Over the past few months, many experts predicted that mortgage rates would fall in 2024. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.