Mortgage rate report — week of 2026-11-02
Published 2026-11-02
Ralo's illustrative 30-year fixed rate is 6.5% (6.578% APR), down 0.49 percentage points over 30 days and 0.74 percentage points below the Freddie Mac PMMS average of 7.24%. Ralo's illustrative 20-year fixed rate is 6.25% (6.349% APR), down 0.875 percentage points over 30 days, while the 15-year fixed is 5.99% (6.109% APR), down 0.51 percentage points.
By credit score and down payment on the 30-year fixed, a 780 score with 20% down shows a range of 6.625% – 7.125% (6.665% – 7.2% APR), while a 660 score with 5% down shows 6.625% – 7.49% (7.274% – 8.199% APR). By state at a 740 score with 20% down, CA shows 6.75% – 7.25% (6.857% – 7.327% APR) versus TX at 6.625% – 6.75% (6.687% – 6.803% APR).
On the ARM desk, Ralo's illustrative 5/6 ARM is 6.125% (6.443% APR), with a 2.75% margin and 2/1/5 caps, against a 30-day average SOFR of 3.897%.
Ralo vs the market: Ralo’s illustrative 30-year fixed rate is 6.5% (6.578% APR), priced 2026-11-01, against a Freddie Mac PMMS 30-year national average of 7.24% (as of 2026-10-29).
| Term | Illustrative rate | APR | 30-day change |
|---|---|---|---|
| 30-year fixed | 6.5% | 6.578% | -0.490 pts |
| 20-year fixed | 6.25% | 6.349% | -0.875 pts |
| 15-year fixed | 5.99% | 6.109% | -0.510 pts |
Illustrative 30-year ranges by credit band (2026-10-30):
| Credit score | Down payment | Rate range | APR range |
|---|---|---|---|
| 780 | 20% down | 6.625% – 7.125% | 6.665% – 7.2% |
| 780 | 5% down | 6.625% – 6.99% | 6.931% – 7.341% |
| 740 | 20% down | 6.625% – 7.25% | 6.687% – 7.327% |
| 740 | 5% down | 6.625% – 7.125% | 7.017% – 7.569% |
| 700 | 20% down | 6.625% – 7.375% | 6.687% – 7.454% |
| 700 | 5% down | 6.625% – 7.375% | 7.099% – 7.894% |
| 660 | 20% down | 6.625% – 7.49% | 6.687% – 7.57% |
| 660 | 5% down | 6.625% – 7.49% | 7.274% – 8.199% |
Local ranges (30-year fixed, 740 score, 20% down; 2026-10-30):
| State | Rate range | APR range |
|---|---|---|
| CA | 6.75% – 7.25% | 6.857% – 7.327% |
| TX | 6.625% – 6.75% | 6.687% – 6.803% |
Full county-level history: the City Rate Index.
ARM desk: the 30-day average SOFR is 3.897% (2026-10-29); an illustrative Ralo 5/6 ARM priced 2026-11-02 is 6.125% (6.443% APR) with a 2.75% margin and 2/1/5 caps. Mechanics and history: the ARM Index.
Rates are illustrative examples, not a loan approval, rate lock, or commitment. Ralo is an automated mortgage broker — not a lender — available where licensed: California, Colorado, and Texas.