Mortgage Rate 2024 Predictions. As a home buyer or. Mortgage rate predictions for this month, 2024, 2025, 2026, 2027 and 2028:
The bank of canada (boc) announced on july 24, 2024 that it would be cutting its overnight lending rate to 4.5%, following a similar.25% cut in june. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024.