Market Flux Event
US 30-Year Mortgage Rate Falls to 7.18% for Third Straight Week of Declines
Read this in the Market Flux appThe average 30-year fixed-rate mortgage in the United States fell to 7.18% in the week of November 5, down from 7.24% the prior week, according to Freddie Mac. It marks the third consecutive week of declines and the lowest rate since the week of September 24, 2026. The 15-year fixed-rate mortgage also moved lower, averaging 6.57%.
The drop was attributed in part to a tech stock selloff and post-election trading following the Democrats' midterm victory, both of which pushed bond yields lower and helped ease borrowing costs for homebuyers.
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Sources
- FinancialjuiceUS 30-year fixed rate mortgage averages 7.18 pct in the November 5th week, lowest since the September 24th 2026 week, vs 7.24% in the prior week - Freddie Mac.
- LiveSquawkUS 30-YR Fixed Rate Mortgage Averages 7.18 Pct In Nov 5 Week Vs 7.24 Pct Prior Week -Freddie Mac
- Seeking AlphaMortgage rates down for third straight week
- MaceNewsMacroRECAPPING-FREDDIE MAC: 30-YR FIXED-RATE MORTGAGE 7.18%, DOWN FROM PREVIOUS WK'S 7.24%, THIRD WK OF DECLINE; 15-YR FRM 6.57% #mortgages #Freddie #economy