Freddie Mac: 30-Year Mortgage Rate Falls for a Fourth Straight Week to 7.11%, a Seven-Week Low
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) on November 12, showing the average 30-year fixed-rate mortgage at 7.11% as of November 12, 2026, down 7 basis points from 7.18% last week and a fourth consecutive weekly decline. The 15-year fixed-rate mortgage averaged 6.45%, down 12 basis points from 6.57% last week.
"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.
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.24% and the 15-year averaged 5.49%, so current rates remain well above year-ago levels. Freddie Mac notes that the PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit, so the averages describe offers to top-tier borrowers rather than a rate promised to every applicant.
Separate housing data released the same day showed existing-home sales weakening further in October under high borrowing costs; whether the recent string of rate declines revives closings into year-end will depend on quotes and contract signings in the weeks ahead.
Source: Freddie Mac
Published by GSM · USA (original Chinese edition)
Photo: 图：房地美房贷市场调查（PMMS）截至2026年11月12日的全美每周平均房贷利率走势图，30年期7.11%、15年期6.45%。房地美官方发布。 / Chart: Freddie Mac Primary Mortgage Market Survey, U.S. weekly average mortgage rates as of November 12, 2026. Courtesy of Freddie Mac.
