Mortgage Rates Decline for Third Consecutive Week to 7.18%

Mortgage rates continued their downward trajectory this week, improving the environment for prospective homebuyers against a backdrop of strong economic growth. The 30-year fixed-rate mortgage averaged 7.18% as of November 5, 2026, down from last week when it averaged 7.24%. A year ago at this time, the 30-year FRM averaged 6.22%. The 15-year fixed-rate mortgage averaged 6.57%, down from last week when it averaged 6.60%. A year ago at this time, the 15-year FRM averaged 5.50%.