Current Home Mortgage Rates 2024. Greg mcbride, bankrate’s chief financial analyst, expects rates to fall gradually throughout the year, reaching 5.75 percent by the end of 2024. Currently, union bank of india and bank of maharashtra offer the lowest home loan interest rate starting from 8.35% p.a.

Realtor.com experts are forecasting that rates will be 6.8% on average for 2024 and 6.5% by the year’s end. Rates rose steadily in early spring, finally breaking 7% for the first time this year in april.