Mortgage Interest Rates 2024 Predictions Us. The decline in mortgage rates in july gave a slight nudge upward to home sales with total (existing + new) home sales for july. If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will decrease.
While predicting mortgage rates with absolute certainty is impossible, we can make educated guesses based on current. That limits how much mortgage rates can decline — particularly by next spring’s housing.