Mortgage Rates May 2024 In Usa. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. These high interest rates will prompt prospective buyers to readjust their housing.
Find out about historical prime rates from 1955 to today. It’s a commonly drawn conclusion that when the federal reserve raises interest rates—as it did aggressively during 2022 and 2023—mortgage rates are pushed.