Mortgage Rate April 2024 Forecast. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. Consider that a 0.5% lower rate could reduce your monthly payment on a $350,000 mortgage by something like $114, based on an example scenario we ran comparing a loan with 6.5% rate vs.

Mortgage rate predictions for this month, 2024, 2025, 2026, 2027 and 2028: The mortgage bankers association (mba) also releases.