FortuneGlen Luke Flanagan
Mortgage rates today, Nov. 2, 2026
The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 7.108%, down from the day before, according to data from Mortgage Research Center.
Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 6.339%, down for the same time period.
Here’s a quick look at week-over-week rate changes.
Fortune reviewed the latest Mortgage Research Center data available on Oct. 30.
We ran the numbers through the mortgage calculator provided by the federal government’s Office of Financial Readiness. At the current rate of 7.108%, on a 30-year mortgage where you borrow $300,000, you’d pay roughly $426,381.60 in interest over the life of the loan.
On a 15-year mortgage with the same loan amount used for the estimate, you’d pay…
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