Coverage dated November 1, 2023 to November 8, 2023
Mortgage rates plunge by largest amount in a year
Headline from Local News 8, on the newest of 2 developments
By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after rising for seven consecutive weeks. The 30-year fixed-rate mortgage fell to an average of 7.
Local News 8's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
LOS ANGELES — The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb — modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market. The average rate on the benchmark 30-year home loan fell to 7.76% from 7.
Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates ticked down this week, snapping a seven-week streak of increases. The 30-year fixed-rate mortgage fell to an average of 7.76% in the week ending November 2, down from 7.
Rates fell for a second day in a row, dropping the 30-year average to its lowest point in almost three weeks. Averages for most other loan types also declined.
Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after rising for seven consecutive weeks. The 30-year fixed-rate mortgage fell to an average of 7.
