Consumer News: Mortgage rates fall for a fourth straight week to 7.11%

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Details: Written by Consumer Affairs News; Category: Consumer Daily Reports; Published: 13 November 2026; Created: 13 November 2026; Last Updated: 13 November 2026

The average 30-year fixed mortgage rate fell to 7.11% this week, down from 7.18%, according to Freddie Mac.

The 15-year fixed rate declined to 6.45% from 6.57%, offering additional relief to borrowers.

Rates reached their lowest level in seven weeks but remain substantially higher than a year ago.

Mortgage rates declined for the fourth consecutive week, providing some relief to homebuyers confronting the cost of financing a purchase.

The average rate on a 30-year fixed-rate mortgage was 7.11% for the week ending November 12, according to Freddie Macs Primary Mortgage Market Survey. That compares with 7.18% last week and 6.24% a year earlier.

Author: Mark Huffman
Source: Consumer Affairs

Posted: 2026-11-13 13:46:46

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