Will Mortgage Interest Rates Go Down In 2024 In Nc

Will Mortgage Interest Rates Go Down In 2024 In Nc. The fed started to raise interest rates in 2022 and hiked them 11 times until late 2023, putting pressure on the housing market during a time of high demand for housing. The mortgage bankers association projects a 6.6% rate by the end of.

If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will. With the federal reserve’s announcement that it will again leave its benchmark.