The latest reading
Freddie Mac reported a U.S. average 30-year fixed rate of 7.18% and a 15-year fixed rate of 6.57% for the week of November 5, 2026. A year earlier the 30-year averaged 6.22%.
Source: Freddie Mac Primary Mortgage Market Survey, weekly U.S. averages (freddiemac.com/pmms).
What moves your rate
- Credit score and down payment.
- Loan type (conventional, FHA, VA, jumbo) and term.
- Points you pay to buy the rate down.
- How long you lock.
What a change means in dollars
On a $500,000 loan, each quarter-point changes the 30-year principal and interest by roughly $80–$90 a month at today’s levels. Run your scenario in the calculator.
Should you wait?
No one can reliably time rates. A useful approach: buy the house that works at today’s payment, and treat a future refinance as a bonus, not the plan.
Questions, answered
Where do these mortgage rates come from?
Freddie Mac’s Primary Mortgage Market Survey, published Thursdays, based on applications submitted to Freddie Mac.
General information, not legal, tax or lending advice. Rules change; confirm with your attorney, tax professional or lender.