How will interest rates trend in 2024?

[Noah Bacon]

On a recent episode of On The Market we have heard some of the best news all year for the economy and the housing market around inflation and interest rates. Today, Freddie Mac reports 30 year fixed mortgage rates at 7.22%. How do you see interest rates trending in 2024? 

If you anticipate a big change in interest rates, what factors do you believe will drive this change?

[Scott Trench]

I think the only logical thing to do is to plan on them going higher or staying flat, and allow yourself to be pleasantly surprised if they come down. 

Heads you win, tails you win.