Home loan rates dip after 2 weeks of boosts

Mortgage rates ticked down for the first time in two weeks as the 10-year Treasury yield fell to its lowest point in October, according to Freddie Mac.

The 30-year fixed-rate mortgage averaged 3.88% for the week ending Oct. 19, down from last week when it averaged 3.91%. A year ago at this time, the 30-year fixed-rate mortgage averaged 3.52%.

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