Mortgage Rates Coming Down In 2024. Mortgage rate predictions for 2024: Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.

Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.