Mortgage Interest Rates 2024. House prices have been largely flat over the past 12 months (annual property price rises range from 1.1% to 1.6%) according to the latest data. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.
As inflation surged and the fed began hiking interest rates to tame it, mortgage rates roughly doubled within a year. They then began to climb.