Are Mortgage Rates Going To Come Down In 2024. Given the recent drop in mortgage rates, there's hope the trend will continue into the new year. In this year's survey, 67% of current homebuyers say they put off buying a home in 2023 because they were waiting for mortgage rates to fall.

Mortgage rates will go down in 2024. In response, beginning in march 2022, the central bank raised rates to their current level of 5.25 to 5.5 percent.