Are Mortgage Rates Going Down 2024. A flurry of economic data has led to the lowest mortgage rates in months. “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later.

If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will. 1 but that doesn’t necessarily.