Mortgage Rates 2024 And 2024au. Abs data showed almost 14,000 mortgage holders negotiated a better rate from their current lender in june 2024. On a $300,000 loan, a 7% rate will yield a monthly mortgage payment of nearly $2,000.

The short answer to the question “are mortgage rates dropping?” is yes. Do not pay more than you need to and switch now to save.