Mortgage Interest Rates In February 2024. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6% before the end of. That suggests the fed will cut rates by 0.75 percentage.

We’ve compiled a history of mortgage rates over time provided by freddie mac. That suggests the fed will cut rates by 0.75 percentage.