Mortgage Rates 2024 By Month In Usa. Higher mortgage rates translate into higher monthly mortgage payments, potentially limiting purchasing power. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.

Check out the current mortgage rates and find out how to get the best rate when you’re ready to get a mortgage. “mortgage rates will spend the bulk of the year in.