Current Mortgage Rates
The average US 30-year fixed mortgage rate is 7.11% for the week ending November 12, 2026, down for a fourth straight week and at its lowest level in seven weeks. The 15-year fixed rate is 6.45%.
Current rates — week ending November 12, 2026
| Loan type | Average rate | Change on week | A year ago |
|---|---|---|---|
| 30-year fixed-rate mortgage | 7.11% | −0.07 | 6.24% |
| 15-year fixed-rate mortgage | 6.45% | −0.12 | 5.49% |
Source: Freddie Mac Primary Mortgage Market Survey, released November 12, 2026. Year-ago figures are for the survey week of November 13, 2025. The 30-year rate has fallen every week since peaking at 7.40% in the weeks ending October 8 and October 15, 2026.
What this week's move means for your payment
On a $400,000 30-year loan, principal and interest only, the drop from 7.18% to 7.11% takes the monthly payment from about $2,710 to about $2,691 — a saving of roughly $19 a month, or about $6,800 over the life of the loan. Small weekly moves add up: the same loan at the October peak of 7.40% would have cost about $2,769 a month.
Recent history
| Week ending | 30-year fixed | Weekly change | 15-year fixed | Weekly change |
|---|---|---|---|---|
| November 12, 2026 | 7.11% | −0.07 | 6.45% | −0.12 |
| November 5, 2026 | 7.18% | −0.06 | 6.57% | −0.03 |
| October 29, 2026 | 7.24% | −0.08 | 6.60% | −0.08 |
| October 22, 2026 | 7.32% | −0.08 | 6.68% | −0.03 |
| October 15, 2026 | 7.40% | 0.00 | 6.71% | −0.02 |
| October 8, 2026 | 7.40% | +0.12 | 6.73% | +0.13 |
| October 1, 2026 | 7.28% | +0.25 | 6.60% | +0.18 |
| September 24, 2026 | 7.03% | +0.08 | 6.42% | +0.16 |
Source: Freddie Mac Primary Mortgage Market Survey, via the Federal Reserve Economic Data (FRED) series MORTGAGE30US and MORTGAGE15US. Rates are weekly averages; changes are in percentage points.
What the survey measures
The Primary Mortgage Market Survey (PMMS) is Freddie Mac's weekly measure of US mortgage rates, based on loan applications submitted through its Loan Product Advisor system. It covers conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit — the most favourable borrower profile. The figures are averages of rates offered from the prior Thursday through Wednesday, and Freddie Mac releases them every Thursday at 12 p.m. ET. The survey rate is a note rate, not an APR: it does not include fees or points, and it is not a quote you can lock.
What rate will you actually get?
Your own rate depends on your credit score, down payment, loan type and term, and on how many lenders you ask. Freddie Mac's research has found that getting one additional rate quote saved borrowers about $1,500 on average over the life of the loan — shopping around is usually the cheapest way to cut your rate. Use our mortgage calculator to see what any rate means for your monthly payment, or check the mortgage payment tables for a quick look-up.
Source: Freddie Mac — Primary Mortgage Market Survey archive. Rates update weekly on Thursdays; this page was last reviewed on November 13, 2026.
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