Freddie Mac's survey released October 29 put the 30-year fixed at 7.24%, down from 7.32% a week earlier, and the 15-year at 6.60%, down from 6.68%. A year ago they averaged 6.17% and 5.41%. Chief economist Sam Khater said the 30-year reached its lowest level this month. Refinancing mostly makes sense for loans taken out at notably higher rates.
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