Will Mortgage Refinance Rates Go Down In 2024

Will Mortgage Refinance Rates Go Down In 2024. When will mortgage rates go down? Given the recent drop in mortgage rates, there's hope the trend will continue into the new year.

Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. Slightly lower rates probably won’t encourage buyers with competitive mortgage rates to refinance.