Rate Cuts For 2024. Experts are divided on whether mortgage rates would fall. The first interest rate cut may come in september and up to three cuts are possible in 2024.
In addition to the first cut in march 2024, we’re expecting a total of six cuts for the whole year. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of.