US mortgage rate dips below 6% but economists don't expect a housing boom
The Economic Times·2026-02-27 05:53
The 30-year fixed mortgage rate averaged 5.98%, the lowest level since September 2022, down from 6.01% last week, mortgage finance company Freddie Mac said on Thursday. It averaged 6.76% during the same period a year ago. The The drop followed a decline in the benchmark 10-year U.S. Treasury yield after the U.S. Supreme Court on Friday struck down Trump's sweeping tariffs. In response, Trump imposed a 10% global tariff, before raising the rate to 15%. The 30-year fixed-rate mortgage tracks the Economi ...