Key facts
- HousingWire's Mortgage Rates Center put the 30-year fixed average at 7.35%, down 3 basis points from a week earlier.
- Jumbo 30-year rates averaged 7.56%, down 6 basis points, while FHA 30-year rates rose 6 basis points to 7.22%.
- Optimal Blue reported adjustable-rate loans at 17% of October lock volume, the highest share in its data going back to 2019.
- Broker Gay Veale said about 75% of her clients receive seller concessions, averaging at least $10,000.
- Broker Shannon Hoff cited a client who negotiated $50,000 off a purchase price plus $10,000 in seller credits.
- First American economist Sam Williamson said elevated borrowing costs raise the hurdle for households.
The average US 30-year fixed mortgage rate was 7.35% on November 10, 2026, down from 7.38% a week earlier, according to HousingWire's Mortgage Rates Center. The rate stayed above 7.3%, and the outlet said affordability remained tight.
Jumbo 30-year rates averaged 7.56%, a decline of 6 basis points, while FHA 30-year rates rose 6 basis points to 7.22%. A basis point is one hundredth of a percentage point.
Consumer Price Index data released on November 10, 2026 showed a 0.4% monthly rise in October, which the outlet described as hotter than expected. The report said the reading kept open the possibility the Federal Reserve raises interest rates at its December meeting.
Shannon Hoff, a California-based mortgage broker at Hoff Home Loans, said rates had improved about 100 basis points since early October. She said buyers remained payment-sensitive and cited a client scheduled to sign on Wednesday after securing $50,000 off a purchase price and $10,000 in seller credits.
Gay Veale, owner of Guidon Mortgage Group, said about 75% of her clients receive seller concessions, averaging at least $10,000. She cited one deal with $58,000 in concessions and a 6% locked rate that, combined with buydowns and an adjustable-rate mortgage, produced an effective initial rate of 2.75%. She said most of her clients are need-to-move borrowers rather than investors.
Optimal Blue's October 2026 Market Advantage report showed rate-lock volume fell 19% month over month and 38% year over year. Adjustable-rate mortgages were 17% of lock volume, the highest share in the report's data going back to 2019, the firm said. Brennan O'Connell, its director of data solutions, said the shift means lenders' opportunity is in helping borrowers find a suitable product and payment structure.