did mortgage rates just drop
5 Hidden Hazards When Mortgage Rates Plunge To 6%
In early 2026 the average 30-year mortgage rate slipped to 6.0%, the lowest in ten months, cutting the monthly payment on a $300,000 loan by roughly $250 and instantly raising buying power for first-time buyers. The dip also reduces total interest over 30 years by about $20,000,