# U.S. 30-Year Mortgage Rate Falls to 7.24% for Second Straight Week By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/43967 Published: 2026-10-29T22:31:56.000Z Updated: 2026-10-29T22:31:56.000Z Section: Investing > The average slipped from 7.32% a week earlier but remained above 6.17% in the same period last year. 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. ## Links in this article - [7.40% reading for the week of Oct. 8](https://www.tokenpost.com/news/investing/31827)