Freddie Mac’s weekly 30-year mortgage average fell to 7.24%, and the 15-year average fell to 6.60%.

In the October 29 survey, both averages fell 0.08 percentage points from the prior week. A year earlier, they were 6.17% and 5.41%, respectively.

Over the latest 52 weekly releases, the 30-year average ranged from 5.98% to 7.40%; the 15-year average ranged from 5.35% to 6.73%.

Separately, Mortgage News Daily’s daily index put the 30-year rate at 7.30% on November 3, up 0.03 percentage points that day; it is a different series from Freddie Mac’s weekly survey.

Sources: Freddie Mac, weekly archive, and Mortgage News Daily.