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2026-11-04 21:14:28
[US 30-Year Mortgage Rate Falls to 7.3%, Declining for the Third Consecutive Week] ⑴ Data from the Mortgage Bankers Association shows that as of the week ending October 30, the average interest rate for a 30-year fixed mortgage fell to 7.3%, marking the third consecutive week of decline, providing further relief for potential homebuyers and homeowners considering refinancing. ⑵ The decline in borrowing costs is consistent with the downward trend in US Treasury yields. ⑶ However, the easing of interest rates did not boost overall mortgage applications, which fell 1.2% from the previous week. Home purchase applications decreased by 2%, while applications for refinancing existing loans increased slightly by 0.1%.
