Freddie Mac: 30-year mortgage rate falls to 7.11%, lowest in seven weeks
TLT•Freddie Mac’s 30-year fixed-rate mortgage averaged 7.11% as of November 12, 2026, down from 7.18% a week earlier and the lowest in seven weeks. The 15-year rate averaged 6.45%, while both rates remained above year-earlier levels.
1. Mortgage rates decline
Freddie Mac’s survey showed mortgage rates fell for a fourth consecutive week. The 30-year fixed-rate mortgage averaged 7.11% as of November 12, 2026, down from 7.18% the previous week; the 15-year rate averaged 6.45%, down from 6.57%. Both remained above year-earlier levels of 6.24% and 5.49%, respectively.
