Best Mortgage Rates In 2024. That’s down from 6.545% the last reported day prior. On june 5, 2024, the bank of canada cut its key interest rate by 25 basis points to 4.75%, its first rate cut in over.

The current mortgage interest rates forecast is for rates to embark on a gentle downward trajectory over the remainder of 2024. The average interest rate, per the most current data available as of this writing, is 6.500%.