Browsing: Fannie

Weekly Mortgage Rates Fall, But Fannie Mae Forecasts Higher Rates Ahead

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The average rate on a 30-year fixed-rate mortgage dropped seven basis points to 7.34% APR in the week ending Oct. 15, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.) We calculate our weekly average using daily APRs recorded over the past five business days.