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Here are the key findings from Bankrate’s 2024 interest rate forecast. — Greg McBride, CFA | Bankrate chief financial analyst. Mortgage rates will drift lower but remain at a decade-plus high
The national average rate for savings accounts will be 0.3 percent by the end of 2024, McBride forecasts, while predicting an average of 0.35 percent for money market accounts.
Bankrate Chief Financial Analyst Greg McBride, CFA, forecasts that HELOC rates will continue to decline in 2025, averaging 7.25 percent, their lowest level in three years.
The Fed raised interest rates 11 times by a whopping 5.25 percentage points, ... Bankrate’s annual interest rate forecast for 2024, for example, ...
The Fed cut its benchmark short-term interest rate, the federal funds rate, by a full point in 2024 and the average credit card rate has only dropped from 20.74 percent at the start of 2024 to 20. ...
The average rate on a 30-year mortgage was 7.01 percent as of March 27, according to Bankrate’s survey. While that’s a welcome drop from 8.01 percent on Oct. 25 of last year, it’s still ...
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