Current Housing Market Interest Rates 2024. Instead of having to raise a mortgage and savings to buy a property outright, shared ownership offers the chance to buy an initial stake in the property and pay a. 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.

Mortgage rates are expected to drop this year, which will undoubtedly improve affordability for borrowers, but with that will come. Economists at freddie mac expect mortgage rates to stay above 6.5% throughout the end of 2024, according to its july economic, housing and mortgage.