Homebuyers might consider buying now and refinancing later to avoid. Read about the path of interest rates over the coming years and use wowa’s mortgage rate forecast to minimize your mortgage interest payment.
The current mortgage interest rates forecast is for rates to embark on a gentle downward trajectory over the remainder of 2024. The bank of canada has lowered its key interest rate to 4.75 per cent, marking the bank’s first rate cut since march 2020.
Here Are Today’s Average Mortgage Rates:
If interest rates fall, the mortgage rate forecast would be for mortgage rates to fall too.
The Mortgage Bankers Association Forecasts A Similar Outlook For The End Of 2024, Projecting Rates To Slide To 6.1 Percent.
Earlier, inflation data for may came.
Images References :
Mortgage Rate Predictions For This Month, 2024, 2025, 2026, 2027 And 2028:
Fannie mae, meanwhile, calls for rates to dip to 6.5 percent by.
The Current Mortgage Interest Rates Forecast Is For Rates To Embark On A Gentle Downward Trajectory Over The Remainder Of 2024.
If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will.