Will Mortgage Interest Rates Go Down In 2024. Newly released projections by members of the fomc have the fed funds rate falling to an estimated 4.6% in 2024. But any changes to mortgage bills will depend on what.

“mortgage rates will spend the bulk of the year. Mortgage rates climbed for most of 2023, at one point reaching nearly 8%—a level not seen in two decades before dropping closer to 6.5%.