Mortgage Rates Decline for Fourth Consecutive Week to 7.11%
Freddie Mac said the decline gives borrowers more flexibility as rates hit their lowest level in seven weeks.
- On Thursday, Freddie Mac released its Primary Mortgage Market Survey , showing the 30-year fixed-rate mortgage averaged 7.11%, down from 7.18% the previous week.
- Goldman Sachs projects debt for hyperscale data centers will reach $420 billion by 2027, with these firms representing 40% of credit increases across the industry and driving up bond yields and mortgage rates.
- NerdWallet and Zillow data showed the average 30-year FRM rate fell to 6.99% for the week ending Nov. 12, marking the first time rates averaged below 7% since the Federal Reserve raised its benchmark rate in September.
- Sen. James Talarico of Texas proposed creating a federal task force to help communities use cost-effective, factory-built modular homes, aiming to accelerate construction timelines and address housing affordability.
- Traders anticipate the Federal Reserve will raise borrowing costs at its Dec. 8-9 meeting due to Consumer Price Index growth, likely keeping mortgage rates elevated despite recent temporary declines.
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The Grand Junction Daily Sentinel
Weekly Mortgage Rates Drop to 6.99%, but Don’t Exhale Just Yet
For the first time since the Federal Reserve raised its benchmark rate in September, weekly mortgage rates averaged below 7%.The average rate on a 30-year fixed-rate mortgage fell two basis points to 6.99% APR in the week ending Nov. 12,…
Rates Come Down Again but Remain Over 7%
Mortgage rates eased again for the fourth-straight week but remain almost a full percentage point over last year at this time, a key reason buyers continue to hold back and why the market remains sluggish. The latest Freddie Mac Primary Mortgage Market Survey® released Thursday shows the average 30-year fixed-rate mortgage rate at 7.11%, down… The post Rates Come Down Again but Remain Over 7% appeared first on RISMedia.
Mortgage Rates Fell a Fourth Straight Week to 7.11% | Freddie Mac November 12, 2026
Freddie Mac put the 30-year fixed mortgage at 7.11% on November 12, 2026, a fourth straight weekly decline and the lowest in seven weeks, while the 15-year fixed fell almost twice as fast to 6.45%. The post Mortgage Rates Fell for a Fourth Straight Week to 7.11%, and the 15-Year Loan Fell Almost Twice as Fast appeared first on United States Real Estate Investor®.
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