US EditionMortgage rates fall below 6% for the first time in more than 3 years
Average 30-year fixed mortgage rate fell to 5.98%, the lowest since 2022, improving affordability and potentially boosting spring homebuying activity, experts said.
- On Thursday, Freddie Mac reported the 30-year fixed mortgage average fell to 5.98%, dipping below 6% for the first time since 2022.
- The 10-year Treasury yield fell to 4.02% on Thursday from about 4.07% a week earlier, while Federal Reserve cuts last year helped push mortgage rates lower.
- Analysis shows a 0.25% change in mortgage rate can enable a median-income U.S. household to afford a $331,483 home, increasing purchasing power since last year.
- Nationwide inventory is starting to stabilize and rise modestly, which could signal homeowners locked into pandemic-era low rates may become more comfortable selling.
- Home prices since 2020 have risen roughly 50% and supply shortage with weak new construction may erase gains from cheaper mortgages as March and the spring homebuying season approach.
112 Articles
112 Articles
Average US long-term mortgage rate dips below 6% for first time since 2022
The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring home-buying season gets rolling. The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%. The average rate has been hovering close to 6% this year. This latest dip, its third decline in a row, bri…
Mortgage rates hit 3-year low, falling below 6%. Is it time to buy?
Homebuyers looking at the housing market from the sidelines just got a strong signal to come off the bench and get into the game. Mortgage-finance giant Freddie Mac announced Thursday that home loan rates have fallen below 6% for the first time since September 2022. The 30-year fixed-rate mortgage averaged 5.98% as of Feb. 26, 2026, the firm said. The 15-year fixed-rate mortgage ticked up, averaging 5.44%. Vibes, not math The small change on p…
Mortgage Rates' Fall May Trigger 'Barn Burner' Spring
The average long-term US mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring homebuying season gets rolling. The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac...
Mortgage rates fall below 6% for the first time in years
U.S. mortgage rates have finally fallen below 6%.The average 30-year, fixed-rate mortgage is at 5.98% this week, according to a new report from the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac.The last time mortgage rates were this low, it was September 2022.Real estate experts say it’s a psychologically important milestone for homeowners who’ve clung onto their older, cheaper rates and would-be buyers scared off by high inter…
Mortgage Rate Drop Below 6 Percent for First Time in More Than 3 Years
Mortgage rates have continued their downward drift, falling below 6 percent this week to their lowest level in more than three years. The average rate on a 30-year fixed mortgage dropped to 5.98 percent for the week ending Feb. 26, down from 6.01 percent the prior week, according to Freddie Mac’s weekly survey. A year ago, the 30-year rate averaged 6.76 percent. The last time the benchmark rate was below 6 percent was September 2022, Freddie Mac…
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