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U.S. 30-Year Mortgage Rate Falls to 7.24% for Second Straight Week

The average slipped from 7.32% a week earlier but remained above 6.17% in the same period last year.

By Enna Lee
Published
A white model home rests beside a brass key on a lowered metal beam. / TokenPost.ai
A white model home rests beside a brass key on a lowered metal beam. / TokenPost.ai

The average U.S. rate for a 30-year fixed mortgage was 7.24% as of Oct. 29, marking a second consecutive weekly decline after a 7.40% reading for the week of Oct. 8.

It fell from 7.32% the previous week but remained above 6.17% in the same period a year earlier.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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