Mortgage Rate Projections 2024. Mortgage rates climbed for most of 2023, at one point reaching nearly 8%—a level not seen in two decades before dropping closer to 6.5%. We’re well into 2024 now,.
Mortgage rates will have their biggest decrease in the first quarter of 2024, with the remaining quarters floating around the same average rate. Mortgage rate predictions for this month, 2024, 2025, 2026, 2027 and 2028: