Mortgage Rates Fall Below 6% for the First Time Since 2022—What It Means for Buyers

Key Takeaways Freddie Mac’s 30-year mortgage rate average fell to 5.98%, the first reading below 6% since September 2022. At that rate, a $350,000 loan would work out to $2,094 per month in principal and interest. Rates are the lowest in more than 3 years, making this a rare opportunity—but buying when you’re ready still matters most. Mortgage Rates Haven’t Been This Low in More Than 3 Years If you’ve been watching mortgage rates and waiting for a break, this week delivered one. The average rate ...