Current Mortgage Rates July 2024. Beginning on july 31, money's daily mortgage rates are a national average and reflect what a borrower with a 20% down payment, no points paid and a 780 credit score — considered an excellent score that. Mortgage rates continue to creep higher.

However, she emphasizes that a significant decline hinges on continued positive. Mortgage rates fell this week to the lowest point since february 2023, in a welcome sign for americans grappling with a tough housing market.