When it comes to interest rates, we're hopeful when to comes to rates in 2024! According to Fannie Mae, rates peaked in October of 2023 at 7.8% and have continuously ticked downward since then. And according to the analysts at Fannie Mae, the average 30-year mortgage rate is now expected to end the year below 6%.

 

We're currently sitting around 6.87% for a 30-year conventional loans, with other loan types offering even better rates. FHA and VA loans are down to 6.12%.

 

Fannie Mae: https://www.fanniemae.com/newsroom/fannie-mae-news/mortgage-rates-expected-dip-below-6-percent-2024-boosting-home-sales