Today’s mortgage rates
Borrowers have a reason to watch for softer pricing: CNBC’s 10-year Treasury yield is 4.843%, down from 4.896% since our last report. Freddie Mac’s survey released November 5, 2026, recorded a weekly 30-year mortgage average of 7.18%, down from 7.24%.
These observations cover different windows. The survey is a weekly average rather than an intraday lender quote. The Treasury figure measures a bond yield, so its decline is best read as downward pressure on mortgage pricing. For a borrowing decision, compare actual lender quotes on matching terms rather than treating either figure as an offer.
Although rates have elevated from recent lows, see if refinancing makes sense or tapping home equity is prudent. For home buyers, explore expert advice for 2026 and check if you qualify for financial assistance programs or more flexible loan options.
Current mortgage and refinance rates
Find your lowest rate. Start here| Program | Mortgage Rate | APR* | Change |
|---|---|---|---|
| Conventional 30-year fixed | |||
| Conventional 30-year fixed | 7.201% | 7.27% | +0.02 |
| Conventional 20-year fixed | |||
| Conventional 20-year fixed | 7.005% | 7.114% | +0.11 |
| Conventional 15-year fixed | |||
| Conventional 15-year fixed | 6.601% | 6.703% | +0.01 |
| Conventional 10-year fixed | |||
| Conventional 10-year fixed | 6.486% | 6.592% | +0.02 |
| 30-year fixed FHA | |||
| 30-year fixed FHA | 6.942% | 6.982% | +0.05 |
| 30-year fixed VA | |||
| 30-year fixed VA | 6.936% | 6.99% | +0.03 |
| 5/1 ARM Conventional | |||
| 5/1 ARM Conventional | 6.222% | 6.791% | +0.03 |
| Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here. | |||
>Related: 7 Tips to get the best refinance rate
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30-year fixed rate mortgage
At the time this was published, the average 30-year fixed mortgage rate reached 7.201%.
The average 30-year fixed rate mortgage (FRM) hit a record weekly low of 2.65% on January 7, 2021, and a record weekly high of 18.63% on October 9, 1981, according to Freddie Mac (survey data since 1971).
A 30-year FRM gives borrowers an affordable option but you pay more interest over the life of the loan compared to shorter mortgages.
15-year fixed rate mortgage
Today, the average 15-year fixed mortgage rate went to 6.601%.
The average 15-year fixed rate mortgage (FRM) hit a record weekly low of 2.10% on July 29, 2021, and a record weekly high of 8.89% on December 16, 1994, according to Freddie Mac (survey data since 1991).
The 15-year FRM offers borrowers a briefer term with less accrued interest, but the monthly payments will be much higher.
[click_table instance_v2="5caf80fdd8e3f21f6b2eee7e" hideWhen="br_swap"]5/1 adjustable-rate mortgage
This morning’s 5/1 adjustable rate mortgage averaged 6.222%.
Adjustable-rate mortgages (ARMs) typically have lower initial interest rates compared to fixed loans. Once that initial period ends, the interest rate adjusts to the current market conditions. In this case, the initial period is five years and the adjustments are up to once every year. Homeowners with shorter term lending plans tend to see these as advantageous.
What experts are expecting
Selma Hepp, chief economist at Cotality
“The risk for housing is that affordability remains trapped: rates may ease only gradually while prices stay elevated due to limited supply”
This reflects the expert’s personal opinion and outlook. It is not an offer or commitment to lend. Your actual rate and APR depend on your credit, loan amount, down payment, property and other factors, and will vary by lender.
Market data affecting today’s mortgage rates
Here’s a snapshot of the state of play as this article was published, with figures as of 8:32 a.m. Eastern on Monday, November 9, 2026. Each figure compares to the level in our previous report, published November 6, 2026, so much of the movement will often have happened in the previous session.
- The yield on 10-year Treasury notes decreased to 4.843% from 4.896% (Good for mortgage rates). Mortgage rates often follow these Treasury bond yields.
- Major stock indexes were mixed in the last session: Dow fell 0.46%, S&P 500 gained 0.31%, Nasdaq gained 1.09%. (Mixed for mortgage rates.) When investors sell shares and move into bonds, bond purchases can push prices up and yields down, potentially easing mortgage rates.
- Oil prices decreased to $87.74 from $90.81 a barrel. (Good for mortgage rates.*)
- Gold prices increased to $4,136.40 from $4,074.50 an ounce. (Good for mortgage rates.*)
- CNN Business Fear & Greed Index increased to 24.1 from 19.2 out of 100, in “extreme fear” territory. (Bad for mortgage rates.) “Fear” suggests investors are seeking safety, supporting bond prices and easing yields; “greed” suggests the opposite.
*A movement of less than $20 on gold prices or 40 cents on oil prices is a change of 1% or less. So we only count meaningful differences as good or bad for mortgage rates.
Caveats about markets and rates
Before the pandemic, post-pandemic upheavals, and war in Ukraine, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. That relationship is looser now.
So, use markets only as a rough guide. They have to be exceptionally strong or weak before they say much about the day’s lender pricing. We still make a daily call, and it is a judgment about the morning’s markets, not a forecast to bank on.
Our call for today: The 10-year Treasury yield is lower since our last report. Our read is that lender quotes could ease today, though that bond move does not establish a change in mortgage rates.
Be aware that “intraday swings” (when rates change speed or direction during the day) are a common feature right now.
Find your lowest rate. Start hereWhat’s driving mortgage rates today?
This week
CPI is the first inflation checkpoint to prioritize this week. Econoday schedules CPI for Tuesday at 8:30 AM ET and PPI-Final Demand for Friday at 8:30 AM ET, marking both as high importance. For mortgage pricing, treat a surprise in either report as a reason to reassess the morning’s bond signal, not as a result to anticipate. The business and employment calendar also deserves attention.
The NFIB Small Business Optimism Index is scheduled Tuesday at 6:00 AM ET, while Jobless Claims is scheduled Thursday at 8:30 AM ET. Econoday lists both as high importance. Use any surprise as a prompt to check whether mortgage pricing has changed before drawing a conclusion from the Treasury move alone.
The immediate calendar is still pending at the 8:32 AM ET cutoff. Monday’s scheduled appearances are Fed Governor Michelle Bowman at 8:40 AM ET, Chicago Fed President Austan Goolsbee at 10:00 AM ET and Richmond Fed President Thomas Barkin at 12:15 PM ET. Wholesale Inventories (Preliminary) is scheduled Monday at 10:00 AM ET. Keep scheduled remarks separate from an announced policy decision when assessing what they mean for a loan quote.
Recent trends
Freddie Mac’s November 5, 2026 Primary Mortgage Market Survey put the weekly 30-year fixed mortgage rate average at 7.18%, falling 6 basis points (0.06 percentage points) from 7.24% the previous week. The 15-year average was 6.57%. Freddie’s data serves as a market barometer and trend tracker, but individual rates vary by lender and depend on personal financial profiles.
Expert forecasts for mortgage rates
Looking further ahead, Fannie Mae and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates.
Here are their quarterly rate forecasts for the next year. The numbers in the table below are for 30-year, fixed-rate mortgages. Fannie Mae updated its forecast on October 12 and MBA updated its forecast on October 11.
| Forecaster | Q4/26 | Q1/27 | Q2/27 | Q3/27 |
|---|---|---|---|---|
| Fannie Mae | 7.4% | 7.5% | 7.5% | 7.5% |
| MBA | 7.3% | 7.2% | 7.2% | 7.2% |
Of course, given so many unknowables, these forecasts might be even more speculative than usual, and both groups revise them often.
Time to make a move? Let us find the right mortgage for youMortgage rate methodology
The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.
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Current mortgage rates methodology
We receive current mortgage rates each day from a network of mortgage lenders that offer home purchase and refinance loans. Those mortgage rates shown here are based on sample borrower profiles that vary by loan type. See our full loan assumptions here.
🏠 Equal Housing Lender. The Mortgage Reports, NMLS #1019791. Verify our licensing at NMLS Consumer Access. We do business in accordance with the Equal Credit Opportunity Act and federal Fair Housing laws. This article is for editorial and informational purposes only and is not an offer or commitment to lend; rates and terms are illustrative and subject to change without notice.
