Freddie Mac reported a slight decline in mortgage rates for the week ending Nov. 1. The 30-year fixed mortgage rate averaged 3.39% versus 3.41% last week. Since hitting a record low of 3.36% in the first week of October, 30-year rates have held to narrow range of 3.37% and 3.41%.

The 15-year fixed mortgage rates also slipped two basis points to 2.70%, while ARM rates were a basis point lower to 2.74% on 5/1 hybrids and 2.58% on one-year.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.