Will Interest Rates Go Down In 2024. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the. Earlier this week, the fed announced it was leaving the current federal funds rate, which helps set interest rates for loans throughout the economy, unchanged at.

A flurry of economic data has led to the lowest mortgage rates in months. Although inflation is cooling more slowly than expected, it is cooling.