Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average Mortgage Rates Fall: 30-Year Rate Drops to 6.963% and 30-Year APR to 7.152%
The average 30-year fixed mortgage rate fell 0.101 percentage points to 6.963% between November 2 and November 9, and the average 15-year fixed rate fell 0.070 percentage points to 6.513%. The average 30-year APR fell 0.078 percentage points to 7.152%.
The average 30-year fixed mortgage rate fell 0.101 percentage points to 6.963% between November 2 and November 9, from 7.064%, and the average 15-year fixed rate fell 0.070 percentage points to 6.513%, from 6.583%. The average 30-year APR, which adds points and lender fees to the interest rate, fell 0.078 percentage points to 7.152%, from 7.230% on November 3, and the 15-year APR fell 0.062 percentage points to 6.719%. 30-year jumbo APRs fell 0.074 percentage points to 7.133% and 15-year jumbo APRs fell 0.084 percentage points to 6.675%, while 5/1 ARM APRs held steady at 6.872%. FHA APRs average 7.436% and VA APRs 6.986%, both below the November 2 article.
Key takeaways
- The average 30-year fixed mortgage rate fell 0.101 percentage points to 6.963%, from 7.064% on November 2, and the average 15-year fixed rate fell 0.070 percentage points to 6.513%; 35.8% of the 30-year fixed rates in the pool are above 7.00%, from 50.1% a week earlier.
- The average 30-year APR fell 0.078 percentage points to 7.152%, from 7.230% on November 3, and the 15-year APR fell 0.062 percentage points to 6.719%. APR includes points and lender fees.
- 15-year jumbo APRs fell 0.084 percentage points to 6.675% and 30-year jumbo APRs fell 0.074 percentage points to 7.133%; 5/1 ARM APRs held steady at 6.872%.
- FHA APRs average 7.436%, down from 7.546% in the November 2 article, and VA APRs average 6.986%, down from 7.131%; the average FHA rate is 6.718% and the average VA rate is 6.654%.
- The 10-year Treasury yield was 4.98% on October 29 and 4.84% on November 5; the Federal Reserve held its range at 3.75% to 4.00% on October 28.
The average 30-year fixed mortgage rate fell 0.101 percentage points to 6.963%
Conventional mortgage rates, national average APR since April 13
Average APRs from MonitorBankRates.com's nightly collection, updated daily.
The average 30-year fixed mortgage rate was 7.064% on November 2 and is 6.963% on November 9, and the average 15-year fixed rate went from 6.583% to 6.513%. The average rate is the interest rate lenders quote; APR adds points and lender fees, which is why each APR is higher. The average 30-year APR was 7.230% on November 3 and is 7.152% on November 9, and the 15-year APR went from 6.781% to 6.719%. The 30-year average is calculated from 1,023 rates at 504 lenders, and the 15-year average from 782 rates at 496 lenders. Of the 1,023 30-year fixed rates, 339 are above 7.00%.
Among adjustable-rate mortgages, the average 5/1 ARM rate is 6.348% and its APR held steady at 6.872%, from 6.873%, from 163 lenders. The average 7/1 ARM rate is 6.396% and its APR fell 0.052 percentage points to 6.837%, from 6.889% in the November 2 article, from 214 lenders; the average 3/1 ARM rate is 6.143% and its APR rose 0.035 percentage points to 6.838%, from 6.803%, from 65 lenders.
VA and FHA APRs fell the most; 5/1 jumbo ARM APRs rose
VA APRs fell 0.145 percentage points to 6.986%, from 7.131% in the November 2 article, and FHA APRs fell 0.110 percentage points to 7.436%, from 7.546%; the average VA rate is 6.654% and the average FHA rate is 6.718%. 15-year jumbo APRs fell 0.084 percentage points to 6.675%, from 6.759%, 30-year jumbo APRs fell 0.074 percentage points to 7.133%, from 7.207%, and 5/1 jumbo ARM APRs rose 0.118 percentage points to 6.913%, from 6.795%. The average 30-year jumbo rate is 7.030%, the average 15-year jumbo rate is 6.538%, and the average 5/1 jumbo ARM rate is 5.999%. Jumbo averages come from the smallest lender pools we track: 58 lenders reported 30-year jumbo rates, 24 reported 15-year jumbo rates, and 6 reported 5/1 jumbo ARM rates, and with pools that size an average can move by large amounts when lenders enter or leave.
Jumbo and FHA rates, national average APR since April 13
Average APRs from the nightly collection. VA loans are omitted from this chart pending a data-quality fix in the nightly series.
One of the ten average rates is above 7.00%: 30-year jumbo at 7.030%; the 30-year fixed average was 7.064% on November 2. Three of the ten average APRs are above 7.00%: FHA at 7.436%, 30-year fixed at 7.152%, and 30-year jumbo at 7.133%. VA, at 7.131% in the November 2 article, is now below it. The rate or APR an individual borrower is quoted depends on the lender and the loan file as well as the program. Buyers comparing local offers can line up Ohio mortgage rates against these national averages, and borrowers looking for a lender can search our mortgage lenders and brokers directory by location, including mortgage lenders in Cincinnati, Ohio.
Change by loan type (percentage points)
Average APRs, November 3 to November 9; FHA, VA, 3/1 ARM and 7/1 ARM from November 2. Red bars rose; green bars fell.
Average mortgage rates and APRs for ten loan types on November 9
| Loan Product | November 9 Avg Rate | November 3 APR | November 9 APR | APR Change |
|---|---|---|---|---|
| Conventional Fixed-Rate Mortgages | ||||
| 30-Year Fixed ▼ | 6.963% | 7.230% | 7.152% | ▼ -0.078 |
| 15-Year Fixed ▼ | 6.513% | 6.781% | 6.719% | ▼ -0.062 |
| Conventional Adjustable-Rate Mortgages (ARM) | ||||
| 3/1 Conventional ARM ▲ | 6.143% | 6.803% | 6.838% | ▲ +0.035 |
| 5/1 Conventional ARM ▼ | 6.348% | 6.873% | 6.872% | ▼ -0.001 |
| 7/1 Conventional ARM ▼ | 6.396% | 6.889% | 6.837% | ▼ -0.052 |
| Jumbo Mortgages (Above Conforming Limits) | ||||
| 30-Year Jumbo ▼ | 7.030% | 7.207% | 7.133% | ▼ -0.074 |
| 15-Year Jumbo ▼ | 6.538% | 6.759% | 6.675% | ▼ -0.084 |
| 5/1 Jumbo ARM ▲ | 5.999% | 6.795% | 6.913% | ▲ +0.118 |
| Government-Backed Loans | ||||
| FHA Loans ▼ | 6.718% | 7.546% | 7.436% | ▼ -0.110 |
| VA Loans ▼ | 6.654% | 7.131% | 6.986% | ▼ -0.145 |
| Product-specific rate pages: 30-year fixed · 15-year fixed · 5/1 ARM · all loan types | ||||
| All figures are national averages of what real licensed institutions are actually quoting to borrowers, not published rate sheet estimates or teaser rates. The average rate is for November 9 only; weekly changes are shown for APR, the series stored daily. This report compares November 9 with November 3; FHA, VA, 3/1 ARM, and 7/1 ARM are compared with the November 2 article. The 5/1 jumbo ARM average comes from 6 lenders. Source: MonitorBankRates.com. | ||||
The 10-year Treasury yield fell to 4.84% on November 5
The 10-year Treasury yield was 5.31% on October 5, 5.05% on October 28, 4.98% on October 29, 4.91% on November 2, and 4.84% on November 5, according to the Federal Reserve's published series. The Federal Reserve's range has been 3.75% to 4.00% since the September 16 increase, 54 days before November 9, and the Committee held it on October 28. Fixed mortgage rates are priced from long-term Treasury yields rather than from that benchmark. The daily series on our mortgage rate trends page shows the same period.
Affordability calculators start from the current average rate
The mortgage affordability calculator estimates a price range from income, debts and the current MonitorBankRates average rate, drawing on rates published by more than 8,000 banks and credit unions and updated every day. State versions load that state's average rate, median home value, property taxes, and homeowners insurance; the California mortgage calculator opens with that state's figures.
Homeowners insurance sits in the monthly mortgage payment
A mortgage payment usually combines principal, interest, property taxes, and the premium for homeowners insurance, which a lender requires proof of before closing. Our MBR Home Insurance Burden Index ranks all 50 states by how heavily insurance weighs on homeowners, and Texas buyers can compare carriers in our Texas homeowners insurance guide.
Mortgage rate and APR averages on November 9
The average 30-year fixed mortgage rate is 6.963% (APR 7.152%) and the average 15-year fixed rate is 6.513% (APR 6.719%). Three of the ten average APRs are above 7.00%. The rate or APR any borrower is quoted depends on the lender, the loan file, and the property.
Mortgage rate questions for November 9
What is the average mortgage rate this week?
The average 30-year fixed mortgage rate is 6.963% as of November 9, 2026, down 0.101 percentage points from 7.064% on November 2, and the average 15-year fixed rate is 6.513%, down 0.070 percentage points from 6.583%. The average 30-year APR is 7.152%, down 0.078 percentage points from 7.230% on November 3, and the average 15-year APR is 6.719%.
Which mortgage averages are above 7.00%?
One average rate is above 7.00%: 30-year jumbo at 7.030%. Three average APRs are above 7.00%: FHA at 7.436%, 30-year fixed at 7.152%, and 30-year jumbo at 7.133%.
Which mortgage APR averages fell the most?
VA APRs fell 0.145 percentage points to 6.986%, from 7.131% in the November 2 article, and FHA APRs fell 0.110 percentage points to 7.436%, from 7.546%. 15-year jumbo APRs fell 0.084 percentage points to 6.675% and 30-year fixed APRs fell 0.078 percentage points to 7.152%. 5/1 jumbo ARM APRs rose 0.118 percentage points to 6.913%, from 6 lenders.
What was the 10-year Treasury yield?
4.84% on November 5, after 4.90% on November 4 and 4.98% on October 29, according to the Federal Reserve's published series.
Data Coverage & Methodology
All averages in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed institutions are actually quoting to borrowers, not published rate sheet estimates or teaser rates.
As of November 9, 2026, these averages were calculated from 2,949 individual rates verified across all 10 loan types; the latest collection ran November 8, 2026. The table below shows how many lenders reported rates for each loan type.
The average rate in this report is the average of the interest rate over the same lender pool as the APR average. Weekly changes are shown for APR, which is the series stored each night.
| Loan Type | Institutions | Rates Verified |
|---|---|---|
| 30-Year Fixed | 504 | 1,023 |
| 15-Year Fixed | 496 | 782 |
| 3/1 Conventional ARM | 65 | 99 |
| 5/1 Conventional ARM | 163 | 264 |
| 7/1 Conventional ARM | 214 | 350 |
| 30-Year Jumbo | 58 | 75 |
| 15-Year Jumbo | 24 | 29 |
| 5/1 Jumbo ARM | 6 | 7 |
| FHA Loans | 105 | 164 |
| VA Loans | 100 | 156 |
| Total | 2,949 |
This report is for general information and is not financial advice. The rate any borrower receives depends on their credit profile, location, loan size, and points paid; confirm current pricing with lenders before making decisions.
