Overview
- Freddie Mac’s survey shows the 30-year fixed at 6.22% and the 15-year fixed at 5.50% for the week ending Nov. 6, both up slightly from the prior week.
- Markets recalibrated after Powell signaled a December policy cut is not assured, pushing the 10-year Treasury yield higher and feeding through to mortgage pricing.
- Daily trackers show variation, with Zillow reporting a 30-year purchase rate near 6.125% and a 30-year refinance rate around 6.87% on Nov. 6.
- Forecasters including Fannie Mae, MBA, NAR and NAHB largely see 2026 averages in the mid‑5% to mid‑6% range, though projections remain sensitive to new data.
- Housing indicators point to modest affordability gains and pockets of improvement, yet lock‑in effects, slower new listings and government‑shutdown data gaps temper momentum.