Mortgage Rates Dip Toward 6% Again — Here’s What It Means for Buyers and Refi Hopes
U.S. 30-year fixed mortgage rates fell to 6.04% on Feb. 25 from 6.19% a week earlier, Bankrate reported. Zillow showed a lower average of 5.76% for the same loan type on Feb. 24. NAHB said a 0.25-point rate drop to 6% could make a median-priced new home affordable for 1.42 million more households. The Federal Reserve has not ruled out a rate hike, according to recent FOMC minutes.
