4 trends tracked about this subject — the full history, oldest to newest below.
US mortgage rates have declined for a fourth consecutive week, reaching 7.11% and triggering a 6.2% jump in mortgage demand according to coverage from Bloomberg and Realtor.com.
The average 30-year fixed mortgage rate has fallen to about 7.18% from a mid-October peak near 7.4%, though some outlets report rates climbing to 7.20% or 7.21% for the week ending November 6.
US 30‑year mortgage rates surged to 7.49%, the highest level since 2023, sparking buyer caution and rate‑lock advice.
US mortgage rates have climbed to their highest level since the beginning of the war with Iran, putting pressure on home buyers and refinance seekers.