Mortgage Interest Rates 2024 Graph Usa. Federal reserve cuts rates by 50 basis points. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 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. Mortgage rates continued their decline, hitting the lowest level since early february 2023.