Mortgage Rates 2024 Forecast Reddit. The change to our mortgage rate outlook was the principal driver of a downward revision to our total home sales forecast to 4.91 million in 2024 (previously 5.00 million) and 5.40 million in 2025 (previously 5.54 million). Mortgage volume correlates with interest rates, and with the federal reserve declining to raise its benchmark federal funds rate in december 2023, many analysts predict a more robust housing market in the coming months.
Mortgages are based on both the current rates and the expectations of future rates. Other factors affecting the housing market right now