Market updates · · Jeff Nett
Mortgage rates eased three weeks in a row but sit higher than a year ago
Freddie Mac's 30-year fixed average fell from 7.40% on Oct 15 to 7.18% on Nov 5, 2026, but remains 0.96 points above 6.22% a year earlier.
The numbers
-
30-year fixed: Freddie Mac's Primary Mortgage Market Survey put the national average at 7.18% for the week of Nov 5, 2026. That is down from 7.40% on Oct 15, 7.32% on Oct 22, and 7.24% on Oct 29, three weekly declines in a row. Freddie Mac's survey shows a drop of 0.06 points from the prior week and 0.22 points from 7.40% on Oct 8, 2026. It is up 0.96 points from 6.22% on Nov 6, 2025.
-
15-year fixed: The same Freddie Mac survey put the 15-year fixed average at 6.57% for the week of Nov 5, 2026. It moved from 6.71% on Oct 15 to 6.68% on Oct 22 and 6.60% on Oct 29, also three weekly declines. According to Freddie Mac, that is down 0.03 points from the prior week and 0.16 points from 6.73% on Oct 8, 2026, and up 1.07 points from 5.50% on Nov 6, 2025.
-
10-year Treasury yield: The Federal Reserve Board reported the 10-year Treasury yield at 4.84% on Nov 5, 2026. That is down 0.14 points from 4.98% on Oct 29 and 0.38 points from 5.22% on Oct 8, 2026, and up 0.71 points from 4.13% on Nov 10, 2025.
Sources (data as published November 7, 2026)
RateSale | NMLS #1034679 | CA DFPI #603K402 | Equal Housing Opportunity. Educational content, not a commitment to lend. Rates and programs subject to change and borrower qualification.