Mortgage Rates 2024 Forecast. Boc is expected to cut its policy rate and approach the neutral rate. The resulting improvements in mortgage affordability will help stimulate a recovery in housing market activity.
In this blog, we will dive into what influences mortgage rates and expert predictions for 2024. This is because current interest rates are significantly higher than neutral interest rates.
The Mortgage Rate Forecast At The End Of The Month 6.47%.
Rates rose steadily in april, finally breaking 7% for the first time in 2024.
Following On From This, We Expect Mortgage Rates To Continue Falling Over The Next Five Years.
We use rate data collected by.
But Others Are A Little More Optimistic.
Images References :
Boc Is Expected To Cut Its Policy Rate And Approach The Neutral Rate.
We can expect similarly elevated rates in may, but there’s no reason to believe they’ll skyrocket.
Share Our Findings With Your Friends, Colleagues, And Buyer’s Agent.
