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Mortgage rates fall 6% for first time since 2022
Posted
February 27, 2026
Views
4,125
Likes
48
Comments
18
Engagement
1.60%
February 27, 2026
4,125
48
18
1.60%
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4:20Now PlayingMortgage rates fell below 6% this week for the first time in three and a half years, mortgage buyer Freddie Mac said Thursday.
The average rate on a 30-year loan was 6.85% a year ago.
Some experts say that if the mortgage "lock-in effect" doesn't ease, lower rates could reignite competition in the market and lead to a spike in prices.
LiveNOW's Mike Pache discussed what the rate drop means for prospective home buyers and sellers with Alisa Wolfson from MarketWatch.
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