DFW Market Brief, Episode 31 — Monday, November 2, 2026

From Kyler Hood's DFW Market Brief · 00:02:54

Show by Kyler Hood DFW Realtor

Freddie Mac's weekly survey put the 30-year fixed at 7.24 percent, down from 7.32 percent and the second weekly decline in a row. A small move down from the 7.40 percent peak, not a turn. What that move is worth in dollars, and why the yearly gap is still about 42,000 dollars of loan.The numbers from this episode:30-year fixed: 7.24 percent for the week ending October 29, down from 7.32 percent, second straight weekly decline, 0.16 off the 7.40 percent peak in 2 weeks; a year ago it was 6.17 percent (Freddie Mac)15-year fixed: 6.60 percent, down from 6.68 percent; a year ago it was 5.41 percent (Freddie Mac)"The average 30-year fixed-rate mortgage declined again this week, reaching its lowest level this month and modestly boosting purchasing power for prospective homebuyers." (Sam Khater, Freddie Mac chief economist)On a 400,000 dollar loan, principal and interest only: about 2,726 dollars a month at 7.24 percent, about 2,748 dollars at 7.32 percent, about 2,442 dollars a year ago (arithmetic on the Freddie Mac rates)A 2,500 dollar monthly budget buys about a 367,000 dollar loan now, versus about 364,000 dollars last week, versus about 409,000 dollars a year ago (arithmetic)The survey covers conventional, conforming purchase loans for borrowers with excellent credit putting 20 percent down (Freddie Mac)Builder buydowns on select homes in the Rockwall, Wylie, Rowlett, and Forney area are in the 4s and 5s right now, as of this recordingSources:Freddie Mac Primary Mortgage Market Survey, week ending October 29, 2026, GlobeNewswire releaseBuilder incentive tracker: https://kylerhood.com/#incentivesKyler Hood, eXp Realty, TX license #828001. 469-434-2586. https://kylerhood.com

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