US mortgage rates fall for third straight week to 7 point 18 percent

US mortgage rates fell for a third consecutive week, according to Realtor.com Research, Bloomberg, RISMedia, Realtor.com, Moomoo, CU Today, and BigGo Finance. Realtor.com Research and Bloomberg reported that the Freddie Mac 30-year fixed mortgage rate dropped 6 basis points to 7.18 percent on November 5, 2026. [1][2][3][4][8][9][10]

Realtor.com Research reported that rates declined because bond yields eased. Bankrate reported that mortgage rates fell further below 7.5 percent, while BigGo Finance noted the 30-year mortgage rate fell to 7.3 percent. BigGo Finance added that purchase applications remained down 19 percent compared to the same period a year ago. [1][5][10]

In broader housing market trends, Redfin News reported that home prices declined for a third straight week for the four weeks ending November 1, 2026. Redfin News noted that new listings of homes for sale fell to their lowest level since the beginning of the year, though sellers still outnumber buyers. [7]

According to RISMedia, economists stated that any progress toward a resolution in the Middle East could lead to lower inflation and softer mortgage rates. However, RISMedia reported that economists remain uncertain whether the recent downward trend in rates will continue. [3]