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Mortgage rates fall below 6% for first time since 2022

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3 hours ago

Mortgage rates fell below 6% this week for the first time in three and a half years, 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 5.98% from last week's reading of 6.01%. The average rate on a 30-year loan was 6.76% a year ago.RENT BECOMING MORE AFFORDABLE FOR MANY AMERICANS AS MARKET STABILIZES"This rate, combined with the improving availability of homes for sale, is meaningful and will drive more potential buyers into the market for spring homebuying sea...

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