Mortgage Rates May 1 2024 Calendar. As we approach 2024, it’s. Mortgage rates will have their biggest decrease in the first quarter of 2024, with the remaining quarters floating around the same average rate.
Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. See mortgage rates for thursday, may 2, 2024.