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11.11.202612:00:00UTC+00U.S. MBA 30-Year Mortgage Rate Eases to 7.21%, Extending Modest Retreat

The average contract interest rate for 30-year fixed-rate mortgages in the United States edged down to 7.21%, according to the latest data as of 11 November 2026. This marks a slight decline from the previous reading of 7.30%, signaling a modest easing in borrowing costs.

While the move is incremental, the shift from 7.30% to 7.21% offers some relief to prospective homebuyers and refinancers facing elevated financing costs. Even so, rates remain high by recent historical standards, continuing to weigh on affordability and housing demand.

Market participants will be watching upcoming releases closely to see whether this latest downtick develops into a more sustained downward trend in mortgage rates or proves to be a short-term fluctuation within a higher-for-longer interest rate environment.

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