
Mortgage rates declined for the third consecutive week, with the average 30-year fixed-rate mortgage falling to 7.18%, down from 7.24% last week.
The 15-year fixed-rate mortgage also declined, averaging 6.57%, compared with 6.60% a week earlier.
Homebuyers are getting some relief, but mortgage rates remain nearly a full percentage point higher than a year ago, continuing to put pressure on housing affordability.
Mortgage rates moved lower for the third consecutive week, providing a measure of relief to prospective homebuyers who have faced sharply higher borrowing costs for much of the fall.
According to Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, the average 30-year fixed-rate mortgage fell to 7.18%, down six basis points from 7.24% the previous week.
Author: Mark Huffman
Source: Consumer Affairs
Posted: 2026-11-06 13:53:27














