Interest Rates 2024 Usa 2024. Mortgage interest rates in 2024. The fomc is scheduled to meet eight times in 2024 and expected to ultimately cut interest rates — but in a measured way and with action weighted toward.

In 2022, the federal reserve hiked interest rates by 400 basis points in one of the fastest rate increases in decades. That peak level was set when the fomc last raised interest rates in july 2023.