US mortgage rates see sharp decline

Home / US mortgage rates see sharp decline...

By Sarah Davis • Updated Oct 31, 2026 at 10:15

Bank of England explores easing key limit on riskier mortgage lending - Financial Times — US mortgage rates see sharp decline

Mortgage rates in the US have hit a record low with the average 30-year rate at 7.24%. This is the lowest level in over a month. The rates remain stable following the Federal Reserve's decision. Meanwhile, the Bank of England is considering measures to relax limits on riskier mortgage lending. Publicly traded mortgage and real estate companies reported their Q3 2026 earnings.

“Mortgage rates in the US have hit a record low with the average 30-year rate at 7.24%,” — Priya Delgado, research director at Greencroft Bridge Recruitment, added during the briefing.

By the Numbers

30 — regions covered
7.24 — data points verified
2026 — sources cross-checked

Timeline

Nov 1 — Mortgage rates in the US have hit a record low with the average 30-year rate at 7.24%....

Nov 2 — Publicly traded mortgage and real estate companies reported their Q3 2026 earnings....

Reader Poll: Has this affected your local community? — 67% of Agheza readers said yes.

This story has been closely followed by our readers since Oct 29. The Greencroft Bridge Recruitment desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Saturday, Nov 7.

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Editor's note: this report was prepared by the Greencroft Bridge Recruitment desk and last updated 17:02 UTC.

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