Mortgage Rates Expected 2024. Economists at freddie mac expect mortgage rates to stay above 6.5% throughout the end of 2024, according to its july economic,. Mortgage rates are falling, but that doesn’t guarantee homes will be more affordable in 2025.
Mortgage rates are at lows not seen since early 2023, ahead of next week’s expected interest rate cut. Normal seasonal housing patterns, even with lower mortgage rates helping affordability issues, is likely to end up without a significant surge in activity, hepp said.