U.S. 30-Year Fixed Mortgage Rate Falls to 7.11% for Fourth Consecutive Week

The average U.S. 30-year fixed-rate mortgage declined for a fourth straight week to 7.11% as of November 12, 2026—reaching its lowest level since late September after peaking near 7.40% in early October, according to Freddie Mac's Primary Mortgage Market Survey.
- 30-Year Fixed-Rate Mortgage: Averaged 7.11%, down 7 basis points from 7.18% the prior week, though still 87 basis points above the 6.24% average recorded a year earlier.
- 15-Year Fixed-Rate Mortgage: Averaged 6.45%, down 12 basis points from 6.57% the previous week, compared to 5.49% a year ago.