Mortgage rates today: 30-year slips to 6.01% as inflation test nears; housing stocks fall
Freddie Mac reported the average 30-year fixed mortgage rate fell to 6.01%, its lowest since September 2022. Mortgage applications rose last week, driven by a jump in refinancing, according to MBA data. Homebuilder stocks and housing ETFs traded lower as investors awaited Friday’s inflation data. Pending home sales dropped in January despite improved mortgage affordability.