3 hours ago - Economy
Mortgage rate dips below 6% for the first time since 2022
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The average rate on the 30-year mortgage dipped below 6% for the first time since 2022, per closely watched Freddie Mac data released Thursday.
Why it matters: Lower home loan rates may help juice the housing market, which has been in the dumps since interest rates first spiked four years ago.
Between the lines: It's also a boost for President Trump, who boasted about mortgage rates coming down in his State of the Union's address Tuesday.
Yes, but: Higher home costs and widespread economic uncertainty is also holding back the real estate market.
