Predicted Mortgage Rates 2024. The year 2023 will go down as a downer for many prospective home purchase candidates. The resulting improvements in mortgage affordability will help stimulate a recovery in housing market activity.
As a result, ey item club forecasts mortgage lending to grow 2.2% (net) this year, 3.4% (net) in 2025 and 3.3% (net) in 2026. Mortgage interest rates are likely to keep going down in 2024.