Will Mortgage Interest Rates Go Down In 2024 In Florida. Rates fell in reaction to favorable inflation data. That said, while the market has leaned heavily in favor of sellers in recent years due to tight supply and high demand, the dynamics might shift slightly in 2024.
Analysts anticipate that the interest rate could go as low as 4.6% by the end of 2024, reflecting a more cautious approach than earlier in the year when more aggressive cuts were expected. This, and the fedโs cuts, should help bring mortgage rates down.