Interest Rate Decline 2024. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. Mortgage interest rate forecast for 2024.

The us central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. Lessening inflation in 2024 combined with decreasing economic activity will provide the fed with the circumstances needed to lower interest.