Mortgage Interest Rates May 2024. Bankrate predicts mortgage rates will fall gradually throughout 2024, reaching 5.75 percent by the end of the year. Learn how mortgage rates are influenced by various factors and see predictions from four major housing and mortgage industry participants for 2024.

Experts predict mortgage rates will moderate or decline in september as the fed prepares to cut rates. These high interest rates will prompt prospective buyers to readjust their housing expectations, but we anticipate housing.