Mortgage Rates Drop Below 6% for the First Time in 3.5 Years
(2/26/26) For the first time in three and a half years, the 30-year, fixed-rate mortgage dipped below 6% this week, according to Freddie Mac. The rate averaged 5.98%, down from last week, when it averaged 6.01%. For many buyers who have been sitting on the fences, an interest rate starting with the digit “5” is significant, and experts say the rate drop this week may incentivize them to make a move. “This rate, combined with the improving availability of homes for sale, i
