Mortgage rates were mostly lower compared to a week ago, according to Bankrate data. Average rates for 30-year fixed, 15-year fixed and 5/1 ARM moved lower, while jumbo loan rates moved higher.

Mortgage rates have fluctuated in a narrow range since the Fed’s September rate cut, averaging 6.35 percent as of Oct. 15, according to Bankrate’s weekly survey of lenders — though they have remained above the average rate the day of the announcement. This is partly because rates fell in anticipation of the Fed meeting and because of rising 10-year Treasury yields.

 

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