Mortgage rates fall below 6% for the first time since 2022:
The decline in the average 30-year mortgage rate could be good news for home shoppers as the spring ...
cbsnews.com/news/mortgage-rates-below-6-percent-first-time-since-2022/
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Mortgage Rates Drop Below Six Percent for First TimeThe 30-year mortgage rate fell to 5.98%, the lowest in over three years, potentially boosting spring home purchases.
Key FactsFeb 26, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: cbsnews.com
Summary created with AI assistance · Source: cbsnews.com
- The average 30-year fixed mortgage rate declined to 5.98%, the lowest level since September 2022.
- This reduction may provide financial relief to buyers as the spring home-buying season begins.
- Despite recent stagnant home sales, the lower rates could stimulate market activity in the near term.
- Federal initiatives, including $200 billion in mortgage bond purchases, aim to improve housing affordability.
Assuming rates stay below 6%, buyers and sellers are going to start getting back into the market. "March is when the spring home-buying season typically begins to ramp up and with rates at a three-and-a-half year low, it could be a barn burner of a spring home-buying season."— Said by Lisa Sturtevant, chief economist at Bright MLS.
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