Mortgage Rates 2024 By Month 2024. The average interest rate, per the most current data available as of this writing, is 6.399%. Every change in rate means savings or costs for homebuyers.

The current mortgage rates hold significant implications for home buyers, sellers, and the overall housing market. “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later.