Mortgage Rates in US to Drop to 5.5% in 2024, Survey Shows
While the outlook for real estate is improving, demand for office space has yet to reach the bottom, according to some respondents.
Mortgage rates in the US will decline this year, stoking optimism about the battered real estate market, according to the latest Bloomberg Markets Live Pulse survey.
The rate on a 30-year, fixed mortgage is expected to fall to 5.5% at the end of the year, according to the median from 236 respondents. That’d be down more than a full percentage point from its current level of about 6.69%, and the first annual decline after three straight years of gains.