Current Housing Market Interest Rates 2024. The current mortgage rates hold significant implications for home buyers, sellers, and the overall housing market. Buying now at current rates would require them to pay hundreds of dollars more per month on interest alone.
Although a recession is no longer predicted, economic growth is expected to decline from 2023’s. With our projection of mortgage interest rates remaining higher for longer, we anticipate modest growth in mortgage origination volumes, supported by high home.