Top-tier 30-year fixed mortgage rates slipped to 7.56% at the average lender, putting them near their lowest level in a little over a week.
Seven declines since Aug. 25 underscore how unusual the move is, even though borrowing costs remain near their highest levels since 2003.
A 7.61% peak on Monday nearly matched the 7.60% high from Sept. 30, creating the 'double top' pattern some analysts watch for as a possible momentum shift.
Analysts cautioned it is too early to call a turn in the trend, but said the drop was still more encouraging than the typical recent session.