Mortgage Rates October 2024 Forecast. The fed cut its benchmark interest rate by 50 basis points in. Experts polled by bankrate predict that mortgage rates will stay flat or drop after the fed's 50 basis point rate cut in september 2024.
Experts predict mortgage rates will decline from current highs in 2024, but remain above 6% for most of the year. Home equity loan rates will be reduced by.50% in october, predicts melisa cohn, regional vice president at william raveis mortgage.
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