Mortgage Rates 2024 Forecast. Newly released projections by members of the fomc have the fed funds rate falling to an estimated 4.6% in 2024. Despite a slight drop in rates, home prices have leapt 54% since 2019 2 and are expected to continue rising through 2025.
5, according to freddie mac. The mortgage bankers association didnโt include mortgage rate predictions in its august 2024 economic forecast, but its latest forecast in may 2024 showed rates falling from 6.4% in january to 5.