Will Mortgage Rates Be Lower In 2024 In Usa. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. A house for sale in los.

For potential homebuyers who may. Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least slightly.