Mortgage Rates 2024 Chart. Applications to refinance a home loan jumped 24% from the previous week and were. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.

The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. Mortgage rate predictions september 2024.