Predicted Mortgage Rates February 2024

Predicted Mortgage Rates February 2024. Mortgage rates are predicted to fall over the year. Fannie mae has estimated an average rate of 7.3% for 2024 while.

Lower mortgage rates in 2024 — nar is predicting the average will be 6.3% by the fourth quarter, down from 7.8% in 2023’s final three months — will entice more. In its july mortgage finance forecast, the mortgage bankers association predicts that mortgage rates will fall from 6.8% in the third quarter of 2024 to 6.6% by the fourth quarter.