Home Mortgage Rates Predictions 2024au.  — home prices are growing faster than wages, and on top of that, high mortgage rates increase the cost of borrowing. Mortgage rates have already fallen in 2024, due in large part to market volatility.

 — many homeowners locked in rates as low as 3%, which has provided a financial disincentive to sell their homes at a time when the mortgage rates are more.  — on friday, moody’s chief economist mark zandi reaffirmed his 2025 mortgage rate outlook, which he has held since fall 2022.