Mortgage rates, tracked weekly
Updated every week.
Freddie Mac national averages for borrowers with strong credit and 20% down. Your quote can differ.
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1. This week vs. a month and a year ago
| Week of | 30-year | 15-year |
|---|---|---|
| Nov 12, 2026 | 7.11% | 6.45% |
| Oct 15, 2026 (4 weeks earlier) | 7.40% | 6.71% |
| Nov 13, 2025 (a year earlier) | 6.24% | 5.49% |
The 30-year average is down 0.29 points from four weeks ago and up 0.87 points from a year ago. Over the past 52 weeks it ranged from 5.98% (Feb 26, 2026) to 7.40% (Oct 8, 2026).
2. The past 52 weeks
3. What it means in payments
| $300,000 loan | Rate | Monthly principal & interest |
|---|---|---|
| 30-year, this week | 7.11% | $2,018 |
| 30-year, a year ago | 6.24% | $1,845 |
| 15-year, this week | 6.45% | $2,605 |
Today’s 30-year rate costs about $173 a month more than a year ago on the same loan. Property taxes, insurance and any HOA dues come on top.
4. If you’re near or in retirement
- Already have a low fixed rate? Keeping it is often cheaper than paying it off with taxable TSP withdrawals. Pay off the mortgage before retiring? works through the trade-off.
- Military retirees and veterans: a VA loan usually needs no down payment and no monthly mortgage insurance, though most borrowers pay a one-time funding fee. See the VA home loan for military retirees.
- Downsizing or tapping equity: a sale, a HELOC and a reverse mortgage each cost something different. Compare them in tapping home equity in retirement and reverse mortgages explained.
- Refinancing: the usual rule of thumb is that a refinance pays off when the monthly savings recover the closing costs well before you expect to move or pay off the loan.
5. Frequently asked questions
What is the average 30-year mortgage rate this week?
7.11% for the week of Nov 12, 2026, per Freddie Mac’s Primary Mortgage Market Survey. The 15-year fixed average is 6.45%. Your own rate depends on credit, down payment, points and the lender.
How much is the payment on a $300,000 mortgage?
At 7.11%, principal and interest on a $300,000 30-year loan is about $2,018 a month. On a 15-year loan at 6.45% it is about $2,605. Taxes and insurance are extra.
Should I pay off my mortgage before I retire?
It depends on your rate, your other savings and how much of your income is guaranteed. A low fixed-rate mortgage is often cheaper to keep than to pay off with taxable TSP withdrawals, but being debt-free lowers the income you need. The pay-off-or-invest guide walks through the trade-off.
How often are mortgage rates updated?
Freddie Mac publishes its survey every Thursday. This page updates automatically after each release.
Rates are Freddie Mac weekly national averages, not offers. Payments are principal and interest only, computed for a $300,000 loan. This page is informational, not lending advice.