Mortgage Rates 2024 Prediction In India. The mortgage rate is updated on a weekly basis. Roughly 71% of aspiring homeowners say they’re waiting for rate cuts to buy a home.

So what can we expect for rates in 2024 and 2025? Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%.