📰 ET Markets 🔴 BEARISH 🕒 06 Nov 2026, 12:54 AM IST

The average US 30-year mortgage rate falls to 7.18% this week, its third straight decline

⚡ Instant Key Takeaways (TL;DR)

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Core Development: The average US 30-year mortgage rate falls to 7.18% this week, its third straight decline

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Market & Financial Impact: The average long-term mortgage rates in the U.S. decreased for the third consecutive week, offering some respite. The average 30-year fixed-rate mortgage declined to 7.18% from 7.24%, according to Freddie Mac. Additionally, the 15-year fixed-rate mortgages saw a drop to 6.57%, slightly down from last week. These lower rates help to alleviate the financial burden on prospective homebuyers facing increased costs.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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The average US 30-year mortgage rate falls to 7.18% this week, its third straight decline

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