Will Mortgage Rates Go Down In June 2024. Are mortgage rates likely to go down in 2024? “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later.
Extremely high prices and an overall strong economy have led the federal reserve to take drastic measures, implementing a rapid succession of rate. In its june mortgage finance forecast, the mortgage bankers association predicts that mortgage rates will fall from 7% in the second quarter of 2024 to 6.6% by the fourth.
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