Mortgage rates fall to 5.98%: Freddie Mac


Mortgage rates fell below 6 percent this week for the first time in three and a half years, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest prime mortgage market survey, released Thursday, showed the benchmark average rate. 30-year fixed mortgage fell to 5.98% from 6.01% last week.

The average rate for a 30-year loan was 6.76% a year ago.

People outside a home for sale.

A real estate agent and a potential buyer stand outside a home during an open house in Seattle, Washington, on January 18, 2026. (David Ryder/Bloomberg via Getty Images/Getty Images)

RENTING REMAINS MORE AFFORDABLE FOR MANY AMERICANS AS MARKET STABILIZES

“This rate, combined with the improved availability of homes for sale, is significant and will push more potential buyers into the market for the spring home buying season,” said Sam Khater, chief economist at Freddie Mac.

The average rate a 15-year fixed mortgage it rose to 5.44% from last week’s reading of 5.35%.

TEXAS CAPITAL HOUSEHOLD GROWTH INCREASE, FAR OUTSPEAKING THE NATIONAL RATE



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