Mortgage rates today show the 30-year fixed at 7.18%–7.38% as the 10-year Treasury sits at 4.9% and spreads remain elevated.
As of Friday, November 6, 2026, the national average 30-year fixed mortgage rate sits between 7.18% and 7.38% depending on the data source. FRED’s most recent reading (November 5) shows 7.18%, while Bankrate reports 7.38% (7.46% APR) and Mortgage News Daily lists 7.30%. The spread between the 10-year Treasury yield of 4.9% and the 30-year mortgage rate remains wide at roughly 2.28 percentage points.
The table below aggregates the latest national averages across common loan products.
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed | 7.26% | 7.33% |
| 20-Year Fixed | 7.17% | 7.26% |
| 15-Year Fixed | 6.72% | 6.82% |
| 10-Year Fixed | 6.65% | 6.75% |
| 30-Year Fixed FHA | 7.13% | 7.17% |
| 30-Year Fixed VA | 7.01% | 7.06% |
Mortgage News Daily’s daily series shows the 30-year fixed rate closing at 7.27% on October 30, down 2 basis points from the prior day. Earlier in October the same index printed 7.37% on the 28th and 7.41% on the 21st. Freddie Mac’s weekly survey released October 29 recorded 7.24%, 8 basis points lower than the previous week.
Rate sheets from lenders active in high-volume states illustrate modest dispersion. In California, conforming 30-year fixed quotes average 7.29%; Texas lenders are posting 7.31%; Florida averages 7.34%. Credit unions in the Midwest continue to undercut national averages by 4–7 basis points for borrowers with credit scores above 760.
The 10-year Treasury yield remains the dominant benchmark. With the 10-year at 4.9%, the mortgage spread of 2.28 points is still above the long-term average of 1.7–1.8 points. Additional pressure comes from the ongoing reduction in MBS purchases by the Federal Reserve and from elevated servicing costs tied to higher delinquencies in investor-owned properties.
Forward-looking indicators suggest limited near-term relief. The next CPI release and the November FOMC minutes are expected to keep volatility elevated. Borrowers locking today should compare at least three lenders; small differences in origination fees can outweigh a 5-basis-point rate differential over a five-year horizon.
Readers can run live scenarios at HomeRates.ai to see how changes in credit score, down payment, or loan size affect monthly payments under current pricing.
Mortgage rates today remain anchored above 7.2% for most 30-year fixed products. Shop multiple offers and consider a slightly shorter term or an FHA/VA option if qualification requirements are met; even modest improvements in credit or down payment can reduce the effective rate by several basis points.
FRED data, market analysis, and refi alerts — weekly, no spam.
No spam. Unsubscribe any time.
See how today's rates affect your real numbers — run a live mortgage scenario instantly.
Run a Live Scenario →