# Mortgage rates fall for 1st time in 9 weeks

https://www.abccolumbia.com/2026/10/22/mortgage-rates-fall-for-1st-time-in-9-weeks/

(CNN)– The average 30-year rate fell from 7.4% to 7.32%. That may not sound like much, but it’s the first drop after 2 months of increases. It’s also the largest single-week drop in more than 6 months. The decrease was fueled by easing in the ten-year treasury yield, since mortgages closely track that benchmark. Most analysts believe the housing market is unlikely to pick up meaningful steam until rates fall below 7%. Categories: News Tags: Mortgage, mortgage rates, mortgages, U.S. economy, U.S. mortgage

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Created: 2026-10-23T10:09:11.322738+00:00

Last edited: 2026-10-23T10:09:11.322738+00:00

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Original source: https://www.abccolumbia.com/2026/10/22/mortgage-rates-fall-for-1st-time-in-9-weeks/