Average long-term mortgage rate falls below 6% in time for spring home-buying season

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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from World news | The Guardian https://ift.tt/sghV8bl