US 30-Year Mortgage Rate Falls to 7.24%, Freddie Mac Says

Bitget2026/10/29 16:01

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Freddie Mac's survey showed 30-year fixed-rate mortgages averaged 7.24% on Oct. 29, 2026, down from 7.32% last week.
The 30-year rate reached its lowest level this month, modestly boosting prospective buyers' purchasing power, Chief Economist Sam Khater said.
A year earlier, the 30-year fixed-rate mortgage averaged 6.17%.
The 15-year fixed-rate mortgage averaged 6.6%, down from 6.68% last week. A year earlier, it averaged 5.41%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freddie Mac - Federal Home Loan Mortgage Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610291200PRIMZONEFULLFEED9856206) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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US 30-Year Mortgage Rate Falls to 7.24%, Freddie Mac Says

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