Home Mortgage Rates Predictions 2024 Lok. Understanding the current mortgage rates: The average rate on the most commonly used home loan dipped to 6.44% for the week ended august 23, the mortgage bankers association said on wednesday.
This guide will be valuable to help you navigate the landscape with confidence if you’re trying to buy, sell, or invest this year. If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will decrease in 2024.