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October 31, 2025

Mortgage rate dips to lowest level in more than a year

By ALEX VEIGA
AP Business Writer

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year.

Lower mortgage rates boost homebuyers' purchasing power. They also benefit homeowners eager to refinance their current home loan to a more attractive rate.


 
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