Will Mortgage Interest Rates Go Down In 2024 If You. Homebuyers might consider buying now and refinancing later to avoid increased. This rate is used by the central bank to charge other banks and lenders when they borrow money,.

Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least slightly.