Mortgage Rates 2024. House prices have been largely flat over the past 12 months (annual property price rises range from 1.1% to 1.6%) according to the latest data. Buyers may be more inclined to lock in a mortgage rate if rates are low, while sellers may adjust their pricing strategies based on market conditions influenced by mortgage.
In 2024, mortgage rates are still high, effectively pricing out millions of prospective buyers from the housing market. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.
