Home Interest Rates 2024 Today. The short answer to the question “are mortgage rates dropping?” is yes.  — compare the lowest home loan interest rate starting from 8.35% p.a.

 — all lending rates are benchmarked to the prevailing policy repo rate, which is 6.50% currently.  — several factors are considered by lenders when deciding the interest rate of your home loan, such as your credit score, loan amount, ltv ratio, job, and type of.