The average long-term U.S. 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 said Thursday. One year ago, the rate averaged 6.76%.Sales of previously occupied U.S. homes remained stuck last year at 30-year lows. And more buyer-friendly mortgage rates this year weren’t enough to lift home sales last mo ...

By Lucia Mutikani WASHINGTON, Feb 26 (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage fell below 6% this week for the first time in 3-1/2 years, but economists said the improvement was likely temporary and on its own insufficient to boost housing demand unless ‌supply increased. The 30-year fixed mortgage rate averaged 5.98%, the lowest level since September 2022, from 6.01% last week, mortgage finance agency Freddie Mac said ‌on Thursday. It averaged 6.76% during the same p ...

Experts say seeing a rate starting with “5” instead of “6” feels very important psychologically for buyers who were waiting, as stated by Investopedia. The rate crash shows comfortable borrowing conditions, but caution in terms of budgeting should still be Maintained. Example: On a $400,000 loan, the monthly payment at 5.98% is about $2,393, but at 6.5% it would be about $135 more per month. Mortgage rate lowers paymentsThese monthly numbers include only loan payment and interest, not taxes, insurance, or ...

The average long-term U.S. 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 rollingFILE - A sign is posted for a new home for sale in Ambler, Pa., Oct. 16, 2025. (AP Photo/Matt Rourke, File)The average long-term U.S. 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 ...

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 ...

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. It was most recently under 6% on Sept. 8, 2022, at 5.89%. Rent Becoming More Affordable For Many Americans As Market Stabilizes "This rate, ...

The average long-term U.S. 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 said Thursday. One year ago, the rate averaged 6.76%. The average rate has been hovering close to 6% this year. This latest dip, its third decline in a row, brings it closer to its lowest level since Sept. 8, 2022, when ...

MCLEAN, Va., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 5.98%. “For the first time in three and a half years, the 30-year fixed-rate mortgage dropped into the 5% range, falling even lower than last week's milestone,” said Sam Khater, Freddie Mac’s Chief Economist. “This rate, combined with the improving availability of homes for sale, is meaningful and will drive ...

Colliers Capital Markets recently sat down with John Randall, National Production Manager, and Shahin Yazdi, Executive Managing Director, from Colliers Debt & Structured Finance to discuss the rapidly evolving lending landscape, where capital is flowing today, and what borrowers should be watching as the cycle continues to unfold. Colliers Capital Markets (CCM): How would you characterize liquidity today? Shahin Yazdi (SY): Liquidity remains abundant and highly competitive across the debt stack, particularl ...

Mortgage rates dipped into the 5% range for the first time since 2022 as Treasury yields continued to fall. Three months of a slow interest rate decline have filtered through the mortgage industry, with increasing reports of home loan rates finally slipping below 6%. Freddie Mac is the latest rate aggregator to record a sub-6% result, with a 30-year fixed rate of 5.98%. The report mirrors the Yahoo Finance weekly survey of lenders, which has reported a growing number of mortgage issuers with rates in the ...