US EditionMortgage rates fall below 6% for the first time in more than 3 years
The average 30-year fixed mortgage rate dropped to 5.98%, marking the first sub-6% rate since 2022 and potentially boosting spring homebuying activity, Freddie Mac 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.
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77 Articles
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 percent for first time in more than 3 years
Mortgage rates fell below 6 percent on Thursday for the first time in more than three years, marking an opening for homebuyers as inflation cools. Currently, the 30-year fixed-rate mortgage is averaging 5.98 percent, down .03 points from last week, according to Freddie Mac. Last year, the rate averaged 6.76 percent. “This lower rate environment…
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