Projected Mortgage Rates June 2024. — we expect mortgage rates to remain above 6.5% through the end of the year, which compared to the rates as high as 7.8% witnessed last year is a positive. The federal reserve last week projected only one cut to its benchmark.
“mortgage rates will spend the bulk of the year. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025.