Mortgage Rates May 1 2024 Usa

Mortgage Rates May 1 2024 Usa. We can also expect two more cuts this year, according to jacob channel,. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6% before the end of 2024.

Here are the current mortgage interest rates and their projected course for the rest of the year. 30 year mortgage rate is at 6.44%, compared to 6.32% last week and 7.57% last year.