Mortgage Rates Fall for a Fourth Straight Week: 30-Year at 7.11%

According to Freddie Mac's Primary Mortgage Market Survey for the week of November 12, 2026:

• 30-year fixed: 7.11%
• 15-year fixed: 6.45%

The Associated Press reported this is the fourth consecutive weekly drop for the 30-year average. Some analysts noted that recent inflation data could push rates back up, so the trend is not guaranteed.

What it means for Miami buyers

• Lower rates improve monthly payments and can widen the price range you qualify for.
• Condo buyers should also confirm the building meets lender requirements (see the new Fannie Mae reserve rule taking effect in January 2027).
• Investors should re-run cash-flow and cap-rate numbers with today's rate, HOA and insurance.

Want to know what you qualify for? Request a financing pre-check or call (786) 656-0732.

Sources: Freddie Mac PMMS (Nov 12, 2026), Associated Press (Nov 12, 2026). Rates are national averages, not a loan offer.