Mortgage Rates In May 2024 In Usa. Learn about our forecast for the prime rate. Mortgage rates fell this week to the lowest point in over a year and a half, as markets reacted to economic data showing a slowing economy.

Find out about historical prime rates from 1955 to today. “our house view is that we will see [federal funds] rates hold steady through the end of the year and that we will see the first rate cut in march of 2024,” says.