Weekly Rate Tracker 11/4/2026

📉 Mortgage rates are moving lower—for the third straight week!

The conventional 30-year fixed rates I’m tracking are down about a quarter of a percentage point since last Wednesday. That’s welcome relief for buyers and could create an opportunity for homeowners considering a refinance.

What’s driving the improvement? Following the midterm elections, bonds rallied as investors weighed the potential for changes in federal spending and a possible easing of the Iran conflict. Falling oil prices have also helped ease inflation concerns, supporting lower mortgage rates.

Will the trend continue? The election reaction is encouraging, but it doesn’t guarantee lower rates ahead. Friday’s jobs report, upcoming inflation numbers, Federal Reserve policy, and economic growth will all influence where rates go next. We could still see some swings along the way.

My takeaway: If you’re buying or considering a refinance, this is a good time to update your numbers. Compare the payment, closing costs, and potential savings to see whether today’s options fit your goals.

View live rates without entering your contact information, then use Compare Your Options on the live rates page at HomeLoansWithFrank.com.

MONTHLY PAYMENTS: This reflects Principal and Interest (P&I) on Conventional and also including PMI on FHA. Taxes and insurance not included, but need to be factored in housing payments and budget as these can vary by property. A VMG Mortgage Broker can run an analysis anytime by request.

*Rates are subject to change. Conforming conventional interest rate samples based on a $550,000 purchase price, $412,500 loan amount, 25% down, 740 FICO score, with impounds on a 30-day rate lock period and $1150 underwriting fee if not covered by lender rebates. FHA is based on a $550,000 purchase price, $530,750 base loan amount and a 3.5% down payment, but other same variables. This pricing engine reflects the most favorable results after comparing our network of wholesale lending partners. This pricing engine does not include any other applicable 3rd party title and escrow charges, appraisal, credit report, or prepaid tax and insurance reserves. The displayed annual percentage rates (APRs) include total points and additional prepaid finance charges but do not include other closing costs. Loan pricing may only be locked through a VMB home loan consultant to be effective after a formal loan application. Rates will depend in part ​on your unique credit history and transaction characteristics. Monthly payments include principal, interest, and PMI if applicable, but do not taxes and insurance. This is not a formal Loan Estimate (LE). A Loan Estimate is provided and can be requested pursuant to Federal regulations and with a formal loan application. This information does not constitute a loan commitment or approval.