Mortgage Rates 2024 Usa 2024. Mortgage rates continued to climb for the fifth consecutive week, reaching a 7.22% average and a new high for 2024, freddie mac reported thursday. A july bankrate survey of 1,133 current homeowners found that 35% said they would be comfortable selling their homes this year if mortgage rates fell below 6%.

Today’s rate is about the same as last month’s 6.75% and up from a year ago when it was 6.30%. Federal reserve widely expected to begin cutting its benchmark interest rate in 2024, mortgage rates could drop as well—at least slightly.