Daily Mortgage Rates Jumped to 7.50% in Three Days, Erasing Five Weeks of Gains, While the Weekly Average Fell to 7.11%
Key Takeaways Mortgage News Daily's daily index for a top-tier 30-year fixed loan rose to 7.50% by Friday, November 13, 2026, up 0.32% in three days, erasing most of the improvement of the past five weeks. The same week, Freddie Mac's weekly survey average fell to 7.11%, because the survey mostly captured the calmer days before Tuesday's inflation report hit. The turn started Tuesday, November 10, when a hotter-than-expected inflation report pushed the daily rate up 12 basis points in one day, the largest one-day jump in more than a month. On a $300,000 loan, principal and interest runs about $2,098 a month at 7.50%, versus about $2,030 at the 7.17% low of a week earlier, a difference of about $67 a month. Two official-looking numbers now describe the same mortgage market, and they point in opposite directions. Freddie Mac reported Thursday that its weekly average fell to 7.11%, a fourth straight weekly decline, but daily lender rate sheets tell a different story: Mortgage ...