Cass Giustina

Mortgage Interest Rates By Month 2024. The new average (3.77%) is added to the lender margin, and the resulting expected rate is effective for new hecm applications from sept. The federal reserve yesterday announced its sixth consecutive hold for the federal funds rate.

Changes could be coming to mortgage rates this month, but they may not be what you expect, experts say. “by the spring of 2024…rates will hopefully be in the 6% range.” the fed paused its rate hikes in september and extended the pause just over a month later.