Refinance Rates In 2024. Refinance rates tend to be higher than purchase rates, but the two typically move in tandem, suggesting refinance activity could gain greater traction if rates continue their. August 14, 2024 at 7:55 am edt.
Experts say slowing inflation and the federal reserve’s projected interest rate cuts should help push mortgage interest rates down to around 6.5% by the end of 2024. Refinancing gives borrowers the opportunity to potentially lower their.