Mortgage rates fall below 6% for the first time in more than 3 years

By Samantha Delouya, CNN (CNN) — US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers. On Thursday, the average 30-year fixed mortgage rate fell to 5.98% for the first time since 2022, according to Freddie Mac. Homeowners who secured rock-bottom