Q4 Prediction on interest rates

Interest rates in the fourth quarter of 2024 are expected to decrease slightly, with many predicting mortgage rates will dip below 6%. This is largely due to easing inflation and potential cuts by the Federal Reserve. Fannie Mae forecasts mortgage rates to fall to around 5.8% by the end of the year, which should boost the housing market and refinance activity. While the overall housing market may not fully recover to pre-pandemic levels, these lower rates could help improve affordability for homebuyers​​(

Fannie Mae).