Average long-term mortgage rate falls below 6% in time for spring home-buying season
by Associated Press from Economics | The Guardian on (#73VT7)
Benchmark 30-year fixed mortgage rate fell to 5.98% from 6.01% last week, the lowest level since September 2022
The average long-term US mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring home-buying season gets rolling.
The benchmark 30-year fixed mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said on Thursday. One year ago, the rate averaged 6.76%.
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