Mortgage Rates Ease to 7.38% as Traders Expect the Fed to Hold
HousingWire reports 30-year conforming mortgage rates averaged 7.38% on Tuesday, a third weekly decline ahead of the Fed's next policy meeting.
Key facts
- Rates on 30-year conforming loans averaged 7.38% at HousingWire's Mortgage Rates Center on Tuesday, down 14 basis points from a week earlier.
- FHA 30-year rates rose 6 bps to 7.24%, while 30-year jumbo rates fell 7 bps to 7.69%.
- CME Group's FedWatch tool showed 90.6% of traders expecting no change in the benchmark rate, up from 84.5% a week earlier.
- The Mortgage Bankers Association said applications declined for a seventh consecutive week, and purchase activity is running 18% below the prior year's pace.
- A Trump executive order created a task force on manufactured housing innovation to improve quality and reduce costs for factory-built homes.
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Source: Mortgage rates at 7.38% as Fed decision nears — HousingWire, October 27, 2026. Summary and commentary by RISE Community; read the full story at the source.
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