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Mortgage Rates Experience Declines in Early November 2026

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In the first week of November, mortgage rates dropped for many lenders. Here's a summary of the key changes and current rates.

Current Trends in Mortgage Rates

As of the week ending November 6, 2026, mortgage rates across the lending spectrum have largely decreased. Among the 28 rates tracked, 11 saw a reduction, while 17 remained steady, and none increased. The most significant decline was noted with Rocket Mortgage, which reported a decrease in their 30-Year Fixed rate.

Rate Performance by Lender

Each lender’s posted rates were collected throughout the week, reflecting their final weekly APRs. By examining the posted rates across various mortgage products, we can note the following:

  • 30-Year Fixed Rates:
    • 4 lenders reported lower rates, while 3 remained unchanged. The range was from 5.875% at AmeriSave to 7.5% at New American Funding.
  • 15-Year Fixed Rates:
    • 3 of the 6 lenders lowered their rates, with a range from 4.99% (AmeriSave) to 7% (New American Funding).
  • 20-Year Fixed Rates:
    • No lenders saw a decrease; rates remained the same across the two lenders sampled, with a range of 6.49% to 7.125%.
  • FHA 30-Year Fixed Rates:
    • Similarly, no changes in rates occurred this week; these ranged from 7.125% to 7.25%.
  • VA 30-Year Fixed Rates:
    • 2 out of 4 lenders lowered their rates, with a range between 6.25% and 7.25%.
  • 7/6 ARM Rates:
    • No decreases were recorded; rates ranged from 6.375% to 6.5%.

Comparative Analysis

Among the most notable movements was Rocket Mortgage’s 30-Year Fixed rate, which fell to 6.99%, down 0.26 points from previously posted rates. Other significant changes included a drop in Rocket’s 15-Year Fixed rate and AmeriSave's 15-Year Fixed rate, highlighting the competitive landscape of mortgage offers.

The variation in 30-year fixed rates spanned 1.625 percentage points—comparing AmeriSave’s 5.875% to New American Funding’s 7.5%. This substantial difference can significantly impact monthly payments on a $400,000 loan, translating into about $431 more per month between the lowest and highest rates.

Market Insights

Comparing this week’s rates to the previous week, 21 out of 27 tracked rates exhibited a decline, with no increases reported. The 10-year Treasury yield, a critical factor influencing mortgage pricing, ended at 4.84%, indicating a slight decrease of 10 basis points from the prior period.

Borrower interest appears to be rising, according to RateZip’s Mortgage Demand Index, which shows a 7% increase in inquiries from September to October 2026. Notably, a significant focus has been on home equity products, indicating shifting consumer priorities away from typical refinances.

As the market evolves, it's crucial for consumers to stay informed on the latest rates and lender offerings.