Economics

U.S. Mortgage Rates Plunge, Dipping Back Below 3% Once Again

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By Aysha Diallo

November 10, 2021 at 3:00 PM UTC

Updated on

November 10, 2021 at 4:01 PM UTC

This article is for subscribers only.

U.S. mortgage rates are back below 3%.

The average for a 30-year loan was 2.98%, down from 3.09% last week, Freddie Mac said in a statement Thursday. It was the second straight decline and pushed rates to the lowest since Sept. 23.