Breaking News! Mortage Rates Fall Below 6% for the First Time Since 2022

Mortgage rates fall below 6% for the first time in more than 3 years

US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers.

On Thursday, the average 30-year fixed mortgage rate fell to 5.98% for the first time since 2022, according to Freddie Mac. CNN

The evidence is patchy on whether lower rates have meaningfully spurred more activity, as the Trump administration floats measures it says will make housing more affordable. NYT