Current Housing Market Interest Rates 2024. As of july 2024, the housing market has seen a significant rise in interest rates compared to the historically low rates experienced in recent years. The national association of realtors forecasts mortgage interest rates will average 6.3% and estimates 0.9% increase for home prices in 2024, added lautz.

The current mortgage rates hold significant implications for home buyers, sellers, and the overall housing market. Changes could be coming to mortgage rates this month, but they may not be what you expect, experts say.