Barclays Mortgage Rates Today 2024 Predictions. At this point, 6% mortgage rates by the end of 2024 seem unlikely, said jacob channel, senior economist at lending tree. Finally on rates, the us federal reserve, the bank of england and the european central bank have all cut interest rates in 2024.

Some of the uk’s biggest banks are raising mortgage rates as expectations of when the bank of england will cut interest rates are pushed back. For example, a $400,000 loan at 6.875%.