Mortgage Rates 2024 And 2024 Lok. September 3, 2024 / 9:51 am edt / cbs news. That's the lowest average in three and a half months,.

The federal reserve has implemented its first interest rate cut in four years, dropping rates from 5.3% to approximately 4.8%. The average mortgage rate went from 4.54% in 2018 to 3.94% in 2019.