Mortgage rates fall to lowest level since 2022

Mortgage rates dropped this week to the lowest level since September 2022, mortgage buyer Freddie Mac said Thursday.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.01% from last week's reading of 6.09%. 

The average rate on a 30-year loan was 6.85% a year ago.

RENT BECOMING MORE AFFORDABLE FOR MANY AMERICANS AS MARKET STABILIZES

"This lower rate environment is not only improving affordability for prospective homebuyers...