Will Mortgage Rates Go Down In June 2024

Will Mortgage Rates Go Down In June 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. The june 2024 inflation rate came in at 3.3% year over year — well above the central bank’s 2% goal.

If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will. As the federal reserve monitors slowing inflation and holds interest rates steady, many experts predict that mortgage rates will go down in 2024.