Mortgage Interest Rate Trends January 2024 Ny. Fannie mae and the mortgage bankers association (mba) updated their forecasts for future mortgage rates on july 22 and 23. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.
As we continue into 2024, prospective homebuyers and homeowners looking to purchase or refinance are keenly observing the mortgage rate trends. 4.60% median monthly ownership cost: