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.
- The 30-year fixed-rate mortgage averaged 7.11% as of November 12, 2026, down from last week when it averaged 7.18%. A year ago at this time, the 30-year FRM averaged 6.24%.
- The 15-year fixed-rate mortgage averaged 6.45%, down from last week when it averaged 6.57%. A year ago at this time, the 15-year FRM averaged 5.49%.
Information provided by Freddie Mac.




