US mortgage rates fall to 7.18% in November 2026

Freddie Mac put the 30-year fixed mortgage at 7.18% on 5 November, a third straight weekly fall, yet it remains roughly a point above a year ago.

The facts

• Freddie Mac's Primary Mortgage Market Survey put the 30-year fixed-rate mortgage at 7.18% for the week of 5 November 2026, against 7.24% the week before.
• The 15-year fixed-rate average came in at 6.57%, from 6.60% a week earlier.
• A year earlier the same two averages stood at 6.22% and 5.50%.
• The release is headlined as a decline for a third consecutive week, and chief economist Sam Khater describes an improving environment for prospective homebuyers.
• Averages are drawn from the Thursday-through-Wednesday period. No points-and-fees figure, no adjustable-rate average and no regional breakdown is published.

What it means for your money

• A 7.18% thirty-year rate still prices debt service near the top of the past decade. Entry maths has eased for three weeks, not for the year.
• Glopra's United States data puts the typical home value at $369,678 and the typical asking rent at $1,948 a month, and those are the two numbers a leveraged buyer has to reconcile at a 7.18% borrowing cost.
• For anyone already holding US property on a fixed loan nothing changes, because the move shows up only at refinancing, where 7.18% still sits above the 6.22% available a year ago.

What to watch

• The next survey reading lands the following Thursday. Three weekly falls establish a direction, not a trend.
• No breakdown by region or loan size is published, so local pricing can sit either side of the national average.

Sources: Freddie Mac https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-decline-third-consecutive-week-718; Freddie Mac https://www.freddiemac.com/pmms

Market data: New York (metro area) · Chicago (metro area) · San Francisco (metro area) · Miami (metro area)