EconomyBy RISE Community editors
Mortgage rates ease to 7.35% while buyers lean on seller concessions and ARMs
Thirty-year fixed mortgage rates averaged 7.35% on Tuesday, HousingWire reported, as buyers used seller concessions, buydowns and ARMs to manage payments.
Key facts
- 30-year fixed-rate mortgages averaged 7.35% at HousingWire's Mortgage Rates Center, down from 7.38% a week earlier.
- The Consumer Price Index rose 0.4% month over month in October, hotter than expected, which leaves a Federal Reserve rate increase at its December meeting possible.
- Optimal Blue said the volume of rate locks dropped 19% from the previous month and 38% from a year before, while ARMs reached 17% of lock volume, the highest share in its data going back to 2019.
- Gay Veale of Guidon Mortgage Group said around 75% of her clients receive seller concessions, averaging at least $10,000.
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Read the original at HousingWire (opens in a new tab)
Source: Mortgage rates slip to 7.35% as buyers turn to concessions, ARMs — HousingWire, November 10, 2026. Summary and commentary by RISE Community; read the full story at the source.
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