Will Mortgage Rates Go Down In 2024 In India. Instead, interest rates on the popular loan program surpassed the 8% mark before finally letting up over the past month. Most expect mortgage rates to go down in 2024, which was actually the call in 2023 as well.

Today, the average mortgage interest rate is 6.46%, and as of q2 2024 (the latest data), the median home price is $412,300. If you were priced out of the housing market in 2023, you might have better luck finding an affordable home in 2024.