Mortgage Rates 2024 Usain Bolt. As mortgage rates go down, more homeowners will have an opportunity to refinance and save money on their monthly mortgage payments. Today's new purchase mortgage rate averages.
If it ends up at 3.5% or higher, mortgage rates could go up. Mortgage rates are not going down right now, but expert rate predictions say they will end 2024 between 6.6% and 6.7%.