30-Year Fixed Dips Below 6% — First Time Since September 2022
Rates just hit 5.99% — the first time below 6% in over three years. If you've been waiting to buy or refinance, this is worth paying attention to.
As of February 23, the 30-year fixed is at 5.99% — the first sub-6% reading since September 2022. That's not just a number. It's a real shift in what buyers can afford.
What pushed it there: cooling inflation, softer jobs numbers, and growing expectations that the Fed could resume cuts by mid-2026. (Sources: Mortgage News Daily, MBS Highway)
For buyers: on a $400,000 loan, 5.99% vs. 7.5% is about $270/month in savings — over $97,000 across the life of the loan. That's real money.
For homeowners who bought or refinanced at 7%–8%: the refinance math is starting to make sense. Reach out and I'll run the numbers for your specific situation — no obligation.
Send this directly to a buyer or realtor — they'll see the full update on your branded page.
The Brad Hall Team is here to help you navigate today's market. Schedule a free call or start your pre-approval — no obligation.