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Mortgage & Housing30-Year Mortgage Rate Dips to 7.24% — Second Straight Week of Small ReliefEconomyFed Holds Benchmark Rate Steady in October; December Hike Now 73% LikelyCreditCredit Card Rate Caps Gain Traction as Both Parties Court Voters on DebtRetirementMedicare Open Enrollment Runs Through Dec. 7 — Check 2027 Plans NowBankingTop Savings Accounts Now Pay 4.35% APY — Far Above the 0.38% National AverageMortgage & Housing30-Year Mortgage Rate Dips to 7.24% — Second Straight Week of Small ReliefEconomyFed Holds Benchmark Rate Steady in October; December Hike Now 73% LikelyCreditCredit Card Rate Caps Gain Traction as Both Parties Court Voters on DebtRetirementMedicare Open Enrollment Runs Through Dec. 7 — Check 2027 Plans NowBankingTop Savings Accounts Now Pay 4.35% APY — Far Above the 0.38% National Average
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Today’s Lead Story
Monday, November 2

Mortgage & Housing

30-Year Mortgage Rate Dips to 7.24% — Second Straight Week of Small Relief

via Freddie Mac

Freddie Mac's weekly survey put the average 30-year fixed mortgage at 7.24% as of October 29, sliding from 7.32% the prior week. Despite back-to-back declines, rates remain more than a full percentage point above where they stood a year ago.

Why it matters

Even a small rate drop can shave hundreds off a monthly payment, so watching the weekly survey helps buyers and refinancers decide the right moment to lock.

See all today’s storiesRead source

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