ECONOMY STUDIO30-Year Mortgage Rates
30-year fixed mortgage rate, %
In plain English
The average rate on a 30-year fixed mortgage was 7.18% in the week of November 5, 2026, down 0.06 points from the week before and up from 6.22% a year earlier.
What that means for a payment: on a $300,000 loan, 7.18% works out to about $2,032 a month in principal and interest, against about $1,841 at 6.22%. Taxes and insurance come on top.
Freddie Mac's survey averages the rates lenders offer borrowers with strong credit who put 20% down. The rate a lender quotes you can be higher or lower.
Latest figures
| Week of | Rate |
|---|---|
| November 5, 2026 | 7.18% |
| October 29, 2026 | 7.24% |
| October 22, 2026 | 7.32% |
| October 15, 2026 | 7.40% |
| October 8, 2026 | 7.40% |
| October 1, 2026 | 7.28% |
| September 24, 2026 | 7.03% |
| September 17, 2026 | 6.95% |
| September 10, 2026 | 6.76% |
| September 3, 2026 | 6.71% |
| August 27, 2026 | 6.66% |
| August 20, 2026 | 6.65% |
Questions
What is the average 30-year mortgage rate today?
7.18% in the week of November 5, 2026, according to Freddie Mac's Primary Mortgage Market Survey.
How often is this updated?
Every week. Freddie Mac publishes its survey on Thursdays, and this page updates itself the same evening.
Does the Fed set mortgage rates?
Not directly. Mortgage rates tend to move with longer-term borrowing costs such as the 10-year Treasury yield, which reacts to the Fed, inflation and the economy.
Sources
- Freddie Mac, Primary Mortgage Market Survey
- Freddie Mac 30-year fixed rate mortgage average (FRED MORTGAGE30US)
Figures come straight from the official data and are checked before publishing. Educational content only, not financial advice.