Mortgage Rates 2024 News Usa. Mortgage rates will likely range. Currently, the mortgage bankers association predicts a 6.5% average mortgage rate by the end of the year (though that prediction is from the group's august.

Data from chase home lending suggests roughly 4.7 million homeowners would come out favorably from refinancing if rates dropped below 6%. Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.