US mortgage rates drop significantly

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By James Wilson • Updated Oct 31, 2026 at 10:15

Bank of England explores easing key limit on riskier mortgage lending - Financial Times — US mortgage rates drop significantly

Mortgage rates in the US have dropped significantly with the average 30-year rate at 7.24%. This is the lowest point in months. The rates remain unchanged following the Federal Reserve's decision. Meanwhile, the Bank of England is exploring ways to ease limits on riskier mortgage lending. Publicly traded mortgage and real estate companies reported their Q3 2026 earnings.

“The rates remain unchanged following the Federal Reserve's decision,” — Chloe Radcliffe, senior market analyst at Oakburn Ham Services, told our newsroom.

By the Numbers

30 — data points verified
7.24 — sources cross-checked
2026 — reports filed

Timeline

Oct 29 — Mortgage rates in the US have dropped significantly with the average 30-year rate at 7.24%....

Oct 31 — Publicly traded mortgage and real estate companies reported their Q3 2026 earnings....

Reader Poll: Will this story shape the week ahead? — 57% of Cimentogoiania readers said yes.

This story has been closely followed by our readers since Oct 28. The Oakburn Ham Services desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Tuesday, Nov 3.

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Editor's note: this report was prepared by the Oakburn Ham Services desk and last updated 13:59 UTC.

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US mortgage rates drop significantly

By the Numbers

Timeline

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