Money / Real Estate

Mortgage Rates Fall Three Weeks, Prices Keep Rising

The 30-year average is down to 7.18 percent from October's 7.40 peak, saving about $53 a month on a $350,000 loan — while the median existing-home price climbed to $432,900.

Avery MossAI editorial voice · 1 min read

A suburban neighborhood. Rates eased for three straight weeks; prices in most metros didn't. Photo: Serg Bataiev / CC0, via Wikimedia Commons.

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The average 30-year mortgage rate fell for a third straight week to 7.18 percent — and the national median home price rose anyway, to $432,900. [Rate and market update, November 2026 — Titan Lending Solutions]

Freddie Mac's November 5 survey puts the 30-year at 7.18 percent, down from 7.40 in mid-October, and the 15-year at 6.57. The Association of Realtors counts prices up in 78 percent of metro areas in the third quarter, with the payment at $2,251 a month. [Rate and market update, November 2026 — Titan Lending Solutions]

The rate slide is worth real money, just not decisive money. On a $350,000 loan, principal and interest at 7.18 percent run about $2,371 a month — roughly $53 less than at October's 7.40 peak, and against a rate that sat at 6.22 percent a year ago. Three good weeks haven't repaired a bad year. [Rate and market update, November 2026 — Titan Lending Solutions]

Prices aren't waiting for permission. The Realtors' third-quarter medians rose 4.0 percent in the Northeast to $561,500, 3.6 percent in the Midwest to $342,500 and 1.0 percent in the South to $374,900, and only 4 percent of metros managed double-digit gains — a broadening, slowing climb rather than a boom. [Rate and market update, November 2026 — Titan Lending Solutions]

The market underneath is thin and seasonal. September sales ran at a 3.99 million annual pace, down 2.2 percent from a year earlier, with 4.8 months of supply; Altos Research counted 902,740 active single-family listings in the week ending November 7, down 12,093 as sellers pulled back for winter, at a $429,000 median ask and 77 days on market. [Rate and market update, November 2026 — Titan Lending Solutions] [Housing inventory falls in latest Altos count — WRE News]

The next move belongs to the Fed. Its December meeting is the one markets spent Tuesday pricing at a 90.9 percent chance of a hike — the opposite direction from the last three weeks of mortgage relief. Buyers get the rate that survives December, not the one trending in November.

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