Mortgage & Housing
30-Year Mortgage Rate Falls to 7.32%, First Weekly Drop Since Late August
via Freddie Mac
Freddie Mac's weekly survey showed the average 30-year fixed mortgage fell to 7.32% this week, down from 7.40% the week before — the first weekly decline since late August. Rates are still about 1.1 percentage points higher than a year ago.
Why it matters
Even a small rate dip can save homebuyers or refinancers hundreds of dollars a year, though rates remain near a three-year high and affordability stays stretched.


