Business
Mortgage rates dip to 7.24%, the lowest this month: what it means for a monthly payment
The average 30-year mortgage rate fell to 7.24% from 7.32%, Freddie Mac said Oct. 29, but it is still above 6.17% a year ago. On a $400,000 loan, that is about $2,726 a month in principal and interest.
October 29, 2026 · 2 min read