Mortgage rate report — week of 2026-11-09
Published 2026-11-09
Ralo's illustrative 30-year fixed rate is 6.5% (6.542% APR), down 0.375 percentage points over 30 days and 0.68 percentage points below the Freddie Mac PMMS average of 7.18%. The 20-year fixed sits at 6.25% (6.302% APR), down 0.74 percentage points over the same period, while the 15-year fixed is 5.99% (6.052% APR), down 0.385 percentage points.
By credit band on the 30-year fixed, a 780 score with 20% down shows a range of 6.5% – 6.99% (6.543% – 7.038% APR), while a 660 score with 5% down shows 6.875% – 7.49% (7.529% – 8.174% APR). Among state ranges at a 740 score with 20% down, CA shows 6.75% – 7.25% (6.796% – 7.301% APR) versus TX at 6.5% – 6.875% (6.543% – 6.922% APR).
On the ARM desk, Ralo's illustrative 5/6 ARM is 5.99% (6.376% APR), priced 2026-11-09, with a 2.75% margin and 2/1/5 caps. The 30-day average SOFR is 3.912% as of 2026-11-05.
Ralo vs the market: Ralo’s illustrative 30-year fixed rate is 6.5% (6.542% APR), priced 2026-11-08, against a Freddie Mac PMMS 30-year national average of 7.18% (as of 2026-11-05).
| Term | Illustrative rate | APR | 30-day change |
|---|---|---|---|
| 30-year fixed | 6.5% | 6.542% | -0.375 pts |
| 20-year fixed | 6.25% | 6.302% | -0.740 pts |
| 15-year fixed | 5.99% | 6.052% | -0.385 pts |
Illustrative 30-year ranges by credit band (2026-11-06):
| Credit score | Down payment | Rate range | APR range |
|---|---|---|---|
| 780 | 20% down | 6.5% – 6.99% | 6.543% – 7.038% |
| 780 | 5% down | 6.5% – 6.99% | 6.812% – 7.318% |
| 740 | 20% down | 6.5% – 7.25% | 6.543% – 7.301% |
| 740 | 5% down | 6.625% – 7.125% | 7.028% – 7.545% |
| 700 | 20% down | 6.5% – 7.375% | 6.543% – 7.427% |
| 700 | 5% down | 6.75% – 7.375% | 7.222% – 7.869% |
| 660 | 20% down | 6.5% – 7.49% | 6.543% – 7.543% |
| 660 | 5% down | 6.875% – 7.49% | 7.529% – 8.174% |
Local ranges (30-year fixed, 740 score, 20% down; 2026-11-06):
| State | Rate range | APR range |
|---|---|---|
| CA | 6.75% – 7.25% | 6.796% – 7.301% |
| CO | 6.75% – 6.874% | 6.796% – 6.921% |
| TX | 6.5% – 6.875% | 6.543% – 6.922% |
Full county-level history: the City Rate Index.
ARM desk: the 30-day average SOFR is 3.912% (2026-11-05); an illustrative Ralo 5/6 ARM priced 2026-11-09 is 5.99% (6.376% 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.