Are Mortgage Rates Expected To Drop In 2024. If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will decrease. Mortgage rates are around 6%—will they drop further in 2024?

Mortgage rates will have their biggest decrease in the first quarter of 2024, with the remaining quarters floating around the same average rate. Explore the september 2024 mortgage rate forecast and how expected fed rate cuts could influence home loan rates.