When Will Home Interest Rates Drop 2024. The strengthened canadian mortgage charter, announced in budget 2024, sets out the expectations of financial institutions to ensure canadians in mortgage. The majority of respondents said they planned to take financial action once interest rates dropped, like buying a home or taking out a.

Based on their 2024 mortgage rate predictions and other factors—including home prices, housing inventory, and buyer demand—here’s what our team recommends. What is the interest rate for home buyers?