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Mortgages, auto loans, credit cards: Experts predictions for interest rates in 2024

Mortgages, auto loans, credit cards: Experts predictions for interest rates in 2024

January 16, 2024

Mortgages, auto loans, credit cards: Expert predictions for interest rates in 2024

KEY POINTS
  • The Federal Reserve’s period of policy tightening appears to be over, opening the door to lower borrowing costs in the year ahead.

  • Bankrate’s chief financial analyst Greg McBride says most types of consumer loans will be cheaper by the end of 2024.

  • From mortgage rates and credit cards to auto loans and savings accounts, here are his predictions for where rates are headed.

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Information is provided by Lori Ellingson and written by Jessica Dickler, a non-affiliate of Cetera Advisor Networks, LLC.


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