Mortgage Loan Rates 2024. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6% before the end of 2024. They then began to climb in april, however, finally exceeding 7% and remaining there for several weeks.
The interest rate on home loans also depends on the application, whether with or without. The current national mortgage rates forecast indicates that rates are likely to remain high compared to recent years, but could trend closer to 6% if inflation continues to decrease in 2024.