Interest Rates Falling In 2024

Interest Rates Falling In 2024. Despite predictions that interest rates would fall in 2024, the federal open market committee has not cut them. The fed has indicated that it will cut rates in 2024, but the fed does not directly set mortgage rates.

Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. First, as noted, lower interest rates can reduce household debt costs and improve spending power.