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. Morgan economic research predicts the federal reserve (fed) will lower rates by at least 100 basis points (bps).

The forecast was last updated in november. It’s hard to predict exactly where mortgage interest rates will go in 2024, as much depends on factors like the state of the economy and how the fed responds to.