Mortgage Rates Falling 2024 India. 1.us interest rates slashed benchmark rate for first time in four years the fomc voted 11 to 1 to lower the federal funds rate to a range of 4.75 per cent to 5 per. The hong kong monetary authority lowered rates by a half percentage point to 5.25% thursday from the highest level since 2007.
However, what if these predictions are off and mortgage rates hover around 7% or even climb. With mortgage rates remaining high, you may be wondering if 2024 is a good time to remortgage or whether you should hold out for lower rates.