Weekly Mortgage Rates Drop to 6.99%, but Don’t Exhale Just Yet
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Friday, November 13, 2026 at 1:21 AM · 1 min read
For the first time since the Federal Reserve raised its benchmark rate in September, weekly mortgage rates averaged below 7%.The average rate on a 30-year fixed-rate mortgage fell two basis points to 6.99% APR in the week ending Nov. 12,…