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 2022The 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%. Continue reading...