Mortgage Rates In 2024 Predictions. Some economists are revising their rate predictions, looking for them to be higher this year than previously thought. Understanding the current mortgage rates:

Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.