what will interest rates be in 2024

what will interest rates be in 2024

1 year ago 36
Nature

Based on the search results, it is difficult to predict with certainty what interest rates will be in 2024. However, there are some predictions and forecasts from experts in the field. Here are some key takeaways:

  • Mortgage interest rates are expected to trend downward in 2024, although perhaps not at a very fast rate.
  • Fannie Maes forecast suggests that 30-year mortgage rates will fall into the 6.7% to 7.1% range in 2024, while the National Association of Realtors believes rates will stick around 6% .
  • The Fed is not expected to cut interest rates until 2024, and some experts predict that rates will remain high until inflation slows.
  • Savings rates are currently in the 4.50% to 5.40% range and are likely to remain highly correlated to the federal rate.

Overall, it seems that interest rates are likely to remain high in 2024, with some potential for a slight decrease in mortgage rates. However, it is important to note that these predictions are subject to change based on a variety of economic factors.

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