US EditionAverage US long-term mortgage rate dips to 6.01%, lowest level in more than 3 years
Refinance applications surged 132% year-over-year as the 30-year mortgage rate fell to 6.01%, the lowest since September 2022, Freddie Mac reported.
- The average 30-year fixed mortgage rate fell to 6.01% from 6.09% last week, the lowest level since September 2022.
- While lower rates did not significantly boost home purchase applications, refinance applications rose 7% and were 132% higher than a year ago.
- Mortgage rates have been hovering between 6% and 6.25% since the start of 2023.
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By Alex Veiga - The average long-term mortgage rate in the United States reached its lowest level in more than three years this week, but remains around 6% within the same narrow range it has occupied this year. The benchmark rate for 30-year fixed-rate mortgages fell to 6.01% from 6.09% last week, mortgage shopper Freddie Mac reported Thursday. A year ago, the rate averaged 6.85%. The slight decline takes the average rate to its lowest level si…
By Samantha Delouya, CNN Mortgage loan rates dropped last week to levels not seen since September 2022. The average 30-year fixed mortgage rate was 6.01 percent in the week ending February 19, according to Freddie Mac. If mortgage rates fall below 6%, experts say they would cross a key psychological threshold that could free up contained buyer demand and increase supply. Some homeowners who bought in recent years, when rates were higher, are now…
Mortgage rates fall to lowest level since 2022
Mortgage rates dropped this week to the lowest level since September 2022, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.01% from last week's reading of 6.09%. The average rate on a 30-year loan was 6.85% a year ago.RENT BECOMING MORE AFFORDABLE FOR MANY AMERICANS AS MARKET STABILIZES"This lower rate enviro…
Associated Press News
Average US long-term mortgage rate dips to 6.01%, lowest level in more than 3 years
The average long-term U.S. mortgage rate slipped this week to its lowest level in more than three years, but remains around 6% in the same narrow range it has been in this year.
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