Projected Mortgage Rates 2024. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%. Mortgage rates could fall in 2024, but that’s not a given.

High mortgage rates have acted to dampen demand, with the market seeing a fall in activity and properties taking longer to sell. How will mortgage rates change throughout 2024?