Mortgage Rate 2024. The experts we spoke with primarily agree that there will be at least one fed rate cut this year — but some. The mortgage bankers association projects a 6.6% rate by the end of the year, while fannie mae predicts 2024 will end with rates at 6.7%.

The fed announced its fourth straight rate hold yesterday and signaled that 2024 rate cuts are not likely for a few months. Mortgage rates held steady for the first three months of 2024, remaining confined to the small space between 6.5% and.