Current mortgage rates · week of November 5, 2026
| Week | 30-yr / 15-yr fixed |
| November 5, 2026 | 7.18% / 6.57% |
| October 29, 2026 | 7.24% / 6.60% |
| October 22, 2026 | 7.32% / 6.68% |
| October 15, 2026 | 7.40% / 6.71% |
| October 8, 2026 | 7.40% / 6.73% |
| October 1, 2026 | 7.28% / 6.60% |
| September 24, 2026 | 7.03% / 6.42% |
| September 17, 2026 | 6.95% / 6.26% |
U.S. weekly averages — Freddie Mac Primary Mortgage Market Survey via FRED.
Refinancing in 30 Year Fixed
Refinance rates track purchase rates closely and usually sit a little above them — often an eighth to a quarter of a point, and higher again for a cash-out refinance. The Freddie Mac averages above (7.18% over 30 years, 6.57% over 15, week of November 5, 2026) are a survey of purchase lending, so treat them as the benchmark 30 Year Fixed lenders price against rather than a refinance quote.
Whether refinancing pays comes down to one date: divide your closing costs — typically 2 to 5% of the balance — by the monthly saving, and that is how many months you must keep the loan to break even. Sell before then and the refinance costs you money. Watch the term too: dropping your payment by stretching 22 remaining years back out to 30 can raise the total interest even as the monthly figure falls.
