Today’s Mortgage Refinance Rates
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By Lucia Mutikani and Saeed Azhar 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 the decline is likely temporary and on its own insufficient to significantly boost housing demand unless supply increases,
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 home-buying season gets rolling.
Mortgage rates dropped below 6%, matching their lowest levels since 2022, as economic concerns over tariffs and a recent GDP report cause bond yields to drop.
The average 30-year fixed mortgage rate fell to 5.98%, dipping into the 5% range for the first time in three and a half years. Rates are down sligh
According to Freddie Mac, the average 30-year fixed-rate mortgage has declined to 5.98 percent from 6.01 percent the previous week.
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Mortgage rates hit lowest level in nearly 4 years, but homebuyers are still stuck on the sidelines
Mortgage rates dropped to the lowest level since 2022 last week, but demand from homebuyers declined as well, as they continue to struggle with affordability.
The average rate on a 30-year fixed mortgage fell this week to 5.98%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.01%.