Freddie Mac’s Primary Mortgage Market Survey for the week of Nov. 5, 2026, puts the average U.S. 30-year fixed mortgage at 7.18%, down from 7.24% the prior week. The 15-year fixed averaged 6.57%, down from 6.60%. A year ago, the 30-year averaged 6.22% and the 15-year averaged 5.50%.
What that means for Stearns and Benton County buyers
This is the third straight weekly decline in the survey’s 30-year rate. The numbers are national averages for conventional, conforming purchase loans with strong credit and about 20% down. Your quote in St. Cloud, Sartell, Sauk Rapids, Waite Park, St. Joseph or Little Falls will still depend on credit, down payment, loan type and lender fees.
How to use the number
- Compare any local quote against this week’s 7.18% / 6.57% benchmarks, then ask what fees are included.
- If you are buying or refinancing soon, ask a lender for a written estimate rather than relying on the national average alone.
- Sellers and listing agents can use the weekly move as context when buyers ask about payment math.
Sources: Freddie Mac Primary Mortgage Market Survey (as of 11/05/2026); Freddie Mac news release.
This is general information, not a loan offer or financial advice. Please confirm rates and terms yourself with a licensed lender. Equal Housing Opportunity.
Music by illuminet.
Thinking about buying or selling from St. Joseph to Little Falls? Reach out to Dan DeMark, Realtor, with LPT Realty, at dandemarkhomes.com.
0 Comments