Freddie Mac said the average rate on 30-year fixed-rate mortgage to 7.68% for the week ended Oct. 27, slightly lower than last week's 7.83%.

In the 15-year sector, fixed-rate mortgages were 7.36%, down from the prior week's 7.50%. A year ago, the rate was 7.57%.

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.