Mortgage rates dipped again. Freddie Mac says the 30-year fixed averaged 7.18% as of Nov. 5, 2026, down from 7.24% the week before and the third weekly drop in a row.
Where do rates stand?
| Loan | Nov. 5, 2026 | Week before | A year ago |
|---|---|---|---|
| 30-year fixed | 7.18% | 7.24% | 6.22% |
| 15-year fixed | 6.57% | 6.60% | 5.50% |
Freddie Mac’s chief economist, Sam Khater, said the decline is “improving the environment for prospective homebuyers against a backdrop of strong economic growth.”
What does that do to a monthly payment?
Here is our own math on a sample $300,000, 30-year loan. These figures are principal and interest only. They do not include property taxes, insurance or anything else that goes into a full monthly payment.
| Rate | Principal and interest, about per month |
|---|---|
| 7.24% (the week before) | $2,044 |
| 7.18% (Nov. 5) | $2,032 |
| 6.22% (a year ago) | $1,841 |
So the latest drop saves about $12 a month on that loan. It is small on its own, but it is a helpful number to run as you compare. Your rate depends on your loan and your lender.
What can you do if you are shopping in Bastrop?
- Compare more than one lender. The survey is a national average, not a quote.
- Budget for the full payment. Our property tax bill post explains how that part works here.
- Know your exemption. Our post on the homestead exemption for new buyers covers when to file.
- Check the local numbers. Our recent Bastrop market update has local sales and prices.
We cannot tell you where rates go next, and nobody else can with certainty either. If you want to talk through what a payment looks like on a real Bastrop home, reach out to us. Our Moving to Bastrop guide is a good next stop too.
Have a question about this? Ask locals in our Moving to Bastrop Facebook group.
Frequently asked questions
- What is the 30-year mortgage rate this week?
- Freddie Mac's 30-year fixed average was 7.18% as of Nov. 5, 2026, down from 7.24% the week before. Check Freddie Mac for the newest number, since it updates weekly.
- What is the 15-year mortgage rate?
- Freddie Mac's 15-year fixed average was 6.57% as of Nov. 5, 2026, down from 6.60% the week before.
- How much is the payment on a $300,000 mortgage at 7.18%?
- By our math, about $2,032 a month for principal and interest on a 30-year loan. Taxes and insurance would be added on top.
- Are mortgage rates higher than a year ago?
- Yes. Freddie Mac says the 30-year averaged 6.22% a year ago, compared with 7.18% as of Nov. 5, 2026.
Sources
- Freddie Mac: Primary Mortgage Market Survey
- Freddie Mac via GlobeNewswire: Mortgage Rates Decline for Third Consecutive Week to 7.18%
Thinking about moving to Bastrop? Start with our moving guide and neighborhood guide, or send us a question.
