The average rate on a 30-year fixed-rate mortgage fell to 7.18% this week, according to Freddie Mac’s weekly Primary Mortgage Market Survey. The rate was 7.24% the week before, a drop of 0.06 percentage points.
Freddie Mac titled its release “Mortgage Rates Decline for Third Consecutive Week to 7.18%.” It said the decline improved the environment for prospective homebuyers against a backdrop of strong economic growth.
| 30-year fixed | 15-year fixed | |
|---|---|---|
| This week (Nov. 5) | 7.18% | 6.57% |
| Last week (Oct. 29) | 7.24% | 6.60% |
| Change from last week | −0.06 pt | −0.03 pt |
| A year ago (Nov. 6, 2025) | 6.22% | 5.50% |
| 52-week high (Oct. 15, 2026) | 7.40% | — |
| 52-week low (Feb. 26, 2026) | 5.98% | — |
The 15-year fixed-rate mortgage averaged 6.57%, down from 6.60% last week, a drop of 0.03 percentage points.
Rates remain higher than a year ago. In the week of Nov. 6, 2025, the 30-year average was 6.22% and the 15-year average was 5.50%. That puts the 30-year rate 0.96 percentage points above its level a year earlier, and the 15-year rate 1.07 points above.
The 30-year rate is also close to the top of its 52-week range. It reached a high of 7.40% in the week of Oct. 15, 2026, and a low of 5.98% in the week of Feb. 26, 2026. This week’s average is 0.22 percentage points below that high.
Freddie Mac said the survey is based on mortgage rates from thousands of loan applications that lenders across the country submit through its Loan Product Advisor system. The figures cover conventional, single-family purchase loans that fall within conforming loan limits set by the Federal Housing Finance Agency. The survey’s lenders are a mix of credit unions, commercial banks and mortgage lending companies.
The weekly results average loan rates offered from the prior Thursday through Wednesday. Freddie Mac releases them on Thursdays at noon Eastern time.
Starts with this week's average rate from Freddie Mac (week of Nov. 5, 2026). Change any number to see your own estimate.
How this is calculated: a fixed-rate loan with equal monthly payments of principal and interest. It does not include property taxes, homeowners insurance, mortgage insurance or HOA fees, which can add substantially to a monthly payment. Freddie Mac's rates are national averages for borrowers with strong credit; the rate you are offered depends on your credit, down payment, loan type and lender. This is an estimate for illustration, not financial advice.
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The AI wrote only from the sources listed. No human reporter was involved. Read our standards or compare the models in the AI Report Card.