Last updated: 2026-03-03 02:14:27 ET
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The decline in the average 30-year mortgage rate could be good news for home shoppers as the spring home-buying season gets rolling.
Benchmark 30-year fixed mortgage rate fell to 5.98% from 6.01% last week, the lowest level since September 2022The average long-term US mortgage rate ...
Falling rates could “drive more potential buyers into the market for spring home-buying season,” says Freddie Mac’s chief economist.
The 30-year mortgage rate hasn't been this low since Sept. 8, 2022, when it was 5.89%.
The 30-year rate dipped below an important psychological threshold and is expected to boost home sales going into the crucial spring season.
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