Will Mortgage Rates Go Down In August 2024. The cpi ended 2023 at 4.1%, and it came in at an annualized rate of just 2.5% in august 2024, which is the most recent reading. The group thinks rates could end 2025 at 5.8% and hold steady in 2026.
In july, we saw mortgage rates begin a steady decline and as of august 2024 mortgage rates have fallen into the low 6% range. As of august 29, according to credible data gathered from more than 500 u.s.
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