Homebuyers' opinion on mortgage rates in next 12 months U.S. 2011-2024, by age group

Published by Statista Research Department, Oct 1, 2024

Prospective American homebuyers expected that mortgage rates would decline, according to a nationally representative survey conducted in August 2024. The youngest generation (18 to 34-year-olds) was the only age group that still expected a rise in interest rates in the next 12 months. People aged 45 to 64 were most optimistic, with the share of respondents expecting a decrease outweighing the share expecting a hike by 27 percent. 

Prospective homebuyers' opinion about mortgage rates' development in next 12 months in the United States from January 2011 to August 2024, by age group

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Release date

September 2024

Region

United States

Survey time period

January 2011 to August 2024

Number of respondents

1,000 respondents

Age group

18 years and older

Special properties

National representative survey

Method of interview

Online survey

Supplementary notes

The figures show the share of respondents who expect interest rates would rise less the share of respondents who believe interest rates would decline. 

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