Will Mortgage Interest Rates Drop In 2024 Olympics. Fed rate moves do not directly drive mortgage rates.  — fed chair jerome powell said during a conference call wednesday that an appropriate level of the federal funds rate would be 4.6% at the end of 2024.

It last raised the federal funds rate in july.  — economists believe that while we might see a significant mortgage rates drop in 2024, future rates will hinge on a balance of inflation control, economic growth, and.