Mortgage Bankers Association

Money Moves

Reports applications fell for a seventh straight week; adjustable-rate loans hit 10.5% of applications, highest in a year

Freddie Mac's 30-year rate held at 7.40% in its Oct. 15 survey, the highest since November 2023. On Oct. 28, the Federal Reserve held its benchmark rate at 3.75% to 4%, with two members, Lisa Cook and Beth Hammack, voting for a quarter-point hike.

Updated Oct 31