2024 Mortgage Rates By Month

2024 Mortgage Rates By Month. The average for the month 4.47%. The current mortgage rates hold significant implications for home buyers, sellers, and the overall housing market.

Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%. Mortgage rates continue to display their famous volatility in 2024.