November 9, 2026 | Mortgage Rates

Freddie Mac reported a 7.18% national average for 30-year fixed mortgages for the week ending November 5, down from 7.24% the previous week. Its 15-year average moved from 6.60% to 6.57%. Those changes equal declines of six and three basis points, respectively.

What the numbers measure

These are weekly survey benchmarks based on mortgage applications submitted to Freddie Mac. They describe the market during the survey period. They are not a current Bison rate quote, an APR, or a commitment to lend. Your available terms depend on your loan and borrower details.

The Bison perspective

Our interpretation: a lower weekly average is a reason to refresh the numbers for a purchase or refinance, but it is not a forecast of where rates go next. Compare the payment, closing costs and cash needed under the terms actually available to you. A national headline cannot answer those questions on its own.

Talk through your options with Bison.

Source: Freddie Mac Primary Mortgage Market Survey, November 5, 2026 release, checked November 9, 2026. Weekly rate changes were calculated from the same survey series. General market commentary; individual loan terms vary.