Forecast For Mortgage Rates 2024. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. The mortgage bankers association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent.

The mortgage bankers association has released its august mortgage rate forecast. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025.