Mortgage Rates By Mid 2024 Calculator. Mortgage rates will have their biggest decrease in the first quarter of 2024, with the remaining quarters floating around the same average rate. Most major housing organizations expect mortgage rates to drop by the end of the year.

Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. Now inflation is easing and mortgage rates are.