Mortgage Interest Rates Trend Graph 2024. Mortgage interest rates are several points higher than the federal reserve rate, although that larger spread sometimes allows those rates to fall faster as overall rates go down,. Read about the path of interest rates over the coming years and use wowa’s mortgage rate forecast to minimize your mortgage interest payment.

In july, it’ll continue to impact the cost of. The current 30 year mortgage fixed rate as of july 2024 is 6.78.