2024 Mortgage Rates Projection In India . While experiencing minor monthly variations, rates are expected to close the year at 8.29%, reflecting an overall increase from the initial point. Experts predict that there may be a reduction of 50 bps or more in interest rates to benefit home loan borrowers.
“mortgage rates will spend the bulk of the year. If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will decrease in 2024.
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