FX.co ★ US 30-Year Mortgage Rate Hits 7-Week Low

The average rate on a 30-year fixed-rate mortgage in the United States fell to 7.11% as of November 12, 2026, down from 7.18% the previous week. This is the fourth consecutive weekly decline and the lowest level in seven weeks.

“Mortgage rates dropped to their lowest level in seven weeks, a welcome development that gives borrowers greater flexibility as they navigate the current housing market,” said Sam Khater, Freddie Mac’s chief economist.

One year ago, the 30-year fixed-rate mortgage averaged 6.24%. The average rate on a 15-year fixed-rate mortgage also moved lower, slipping to 6.45% from 6.57% the previous week.