Will Home Loan Interest Rates Go Down In 2024 Or Not.  — most major forecasts expect rates to fall a bit in 2024.  — a decision by the federal open market committee, or fomc, to lower the fed’s rate could quickly lead to more affordable home loans.

Mortgage rates increased dramatically over the last two years, but they’re expected to go down at some point this year. Mortgage rates could fall in 2024, but that’s not a given.