Mortgage Rates 2024 By Month. “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later. Retail and hospitality firms face a £2.66bn a year rise in business rates in april, leaving the sector facing a cliff edge moment.
With two more fed meetings scheduled before the end of 2024, we could see rates continue to fall. Here are the current mortgage interest rates and their projected course for the rest of the year.