Will Interest Rates Go Down In 2024. If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will. The federal reserve is keeping the lid on interest rates to close out this year.

Anyone with a home loan right now is likely to be feeling the pressure from the rising cost of living and will be hoping their interest rates will go down. Central bankers currently think, according to the 2024 interest rate.