Freddie Mac on Thursday reported that average U.S. mortgage rates fell for the fourth straight week, with the 30-year fixed-rate average at 7.11%.
Borrowers applying for new mortgages faced lower average rates than a week earlier. The 30-year average slipped by 0.07 percentage points from 7.18% in the week of Nov. 5, according to Freddie Mac’s Primary Mortgage Market Survey. The 15-year average fell to 6.45%, down 0.12 percentage points from 6.57% the prior week.
| 30-year fixed | 15-year fixed | |
|---|---|---|
| This week (Nov. 12) | 7.11% | 6.45% |
| Last week (Nov. 5) | 7.18% | 6.57% |
| Change from last week | −0.07 pt | −0.12 pt |
| A year ago (Nov. 13, 2025) | 6.24% | 5.49% |
| 52-week high (Oct. 15, 2026) | 7.40% | — |
| 52-week low (Feb. 26, 2026) | 5.98% | — |
Freddie Mac said rates are at their lowest level in seven weeks. Compared with the same week a year earlier (Nov. 13, 2025), the 30-year average stood at 6.24% and the 15-year at 5.49%.
Freddie Mac said the 30-year average has spanned 5.98% (week of Feb. 26, 2026) to 7.40% (week of Oct. 15, 2026) during the last 52 weeks.
Freddie Mac said the weekly averages are based on rates from thousands of loan applications submitted to its Loan Product Advisor by lenders across the country. The survey is released on Thursdays at 12 p.m. Eastern time and reflects loan rates offered from the prior Thursday through Wednesday.
Starts with this week's average rate from Freddie Mac (week of Nov. 12, 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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