November 12th, 2024 4:45 PM by Sam Kader MLO130505
Here's where experts are predicting mortgage rates will land by the close of 2024 and how those projections have changed in recent months. The general consensus among industry professional is that mortgage rates will slowly decline in the last quarter of 2024.
To make a big difference in affordability for most buyers, rates would have to fall more than drastically than industry forecasts currently call for as shown above. Here's a look at how payments would shift based on small changes in mortgage rates:
Get your Quick Quote here for current market rates and use our online calculator here to calculate your monthly mortgage payment.