30-Year Mortgage Rate Falls Below 6% For First Time Since 2022

For the first time since 2022, the average 30-year mortgage rate in the US has slipped below 6%, a milestone that could breathe life into the coming spring home-selling season.

The average for 30-year, fixed loans was 5.98%, down from 6.01% last week, data from Freddie Mac showed Thursday. By comparison, it was 6.76% a year ago. The last time it was below 6% was in September 2022.