Forecasters expect mortgage rates to remain above 6% in 2024, but lower than the peak of 8% reached in October.

Declining inflation and potential rate cuts may have a positive impact on mortgage rates.

The average 30-year fixed rate is predicted to be around 6.3% next year.

A shock to market expectations for rate cuts could drive mortgage rates higher.

Home prices are expected to increase, but the gains will be relatively small.

Some regions may see larger price increases than others.

The balance between supply and demand will be crucial in determining price movements.