Mortgage Rates January 2024 Usa. 30 year mortgage rate is at 6.20%, compared to 6.35% last week and 7.12% last year. The most recent announcement by the federal reserve that its benchmark interest rate would remain unchanged could mean good news for home buyers who.

Compared to last year as a whole, that falls on the lower. Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%.