Mortgage Rates Drop to Lowest Levels Since May, Bringing Hope for Home Buyers in 2024
- Mortgage rates dropped to 6.6% on 30-year fixed loans, the lowest since May 2022
- Rates are fluctuating, posing budgeting challenges for home buyers
- Experts predict rates will fall below 6% by end of 2024
- Home prices are expected to drop slightly in 2024 after years of gains
- Market recovery could create more listings, giving buyers more options