"For the first time in three and a half years, the 30-year fixed-rate mortgage (FRM) dropped into the 5% range, falling even lower than last week's milestone," Freddie Mac's Chief Economist Sam Khater said, announcing the news:

"This rate, combined with the improving availability of homes for sale, is meaningful and will drive more potential buyers into the market for spring homebuying season."

The 30-year FRM averaged 5.98% on February 26, 2026, down from 6.01% last week and 6.76% a year earlier. The last time the rate was below 6.00% was in September of 2022.

"That amounts to hundreds of dollars' reduction in mortgage payments," Professor of Real Estate at Columbia Business School said, commenting on the lower rates.

"A 0.25% drop in the rate can enable a buyer afford about 2.5% more house while keeping the same monthly payment," Bhavesh Patel, an executive at Chase Home Lending, told CNN:

"Nationwide we're seeing inventory start to stabilize and even rise modestly, which could indicate that homeowners are becoming more comfortable with the current rate environment to consider a move.

"In some pockets across the US, we're starting to see six or more months of inventory, which could lead to more favorable conditions for buyers."

Making home-buying more affordable is a prime objective of the Trump Administration, as The Hill explains:

"President Trump touted the improvements to mortgage rates during Tuesday's State of the Union after pledging to give "special attention" to the housing market last month amid a steady annual decline in sales since 2022. 

"Trump directed Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds in an effort to further improve current rates."

"This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable. It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed," Trump said when he first announced the planned purchase in January. Subscribe for free to Breaking Christian News here

Rates may fall even lower in March, as the events of three key dates next month could help determine their direction:

• March 6, 2026: The next unemployment report from the Bureau of Labor Statistics (BLS).
• March 11, 2026: The next monthly inflation report from the BLS.
• March 18, 2026: The next Federal Reserve meeting.

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Amid the Iranian People's Struggle to Be Free, a Great Awakening Has Been Underway

Canadian Liberals Let in Nearly 25k Unvetted Asylum Seekers from World's Most Dangerous Countries: Report

Sharia-Free America Caucus Gains New House Members, as More Become Aware of Growing Islamization Problem

More Evidence Emerges: Biden, Fulton County DA Willis Coordinated to Ensnare Trump in Prosecutions

Kristi Noem Reveals 'Deep State' DHS Staffer Installed Spyware on Her Phone and Laptop to Spy on Her [VIDEO]

California Child Predator, Cleared for Parole, Arrested after Surprise Warrant Drops Hours before Prison Release

Hillary Clinton Claims She 'Had No Idea' of Jeffrey Epstein's Crimes

Minnesota Lawmakers File Articles of Impeachment against Gov. Tim Walz, AG Ellison

Good News: Mortgage Rates Fall Below 6% for First Time in Years

The President's State of the Union Address Featured Answered Prayer

Report: UK's Starmer Let Suspected Grooming Gang Child Rapists Off With 'Warning Letters' as Top Prosecutor

Polls Open in England's Tinder Box Special Election That Promises Nail-Biter Three-Way Finish

Canada: Liberals Bring Back Bill That Could Criminalize Quoting Bible on Homosexuality Despite Massive Pushback

Canadian Christian Fined Massively for Posting There Are Only Two Sexes

Trump Admin Plans to Launch Site to Protect Free Speech

DOT Will Require All Commercial Driver's License Tests in English Only

Oregon Dems Vote against Notifying ICE When Illegal Immigrant Felons Are Released from Jail

'It's a Disgrace': JD Vance Reveals Playbook for Combating Fraud in United States

US-Iran Talks Continue Today; Will This be the Last?

SEU Outpouring Enters 'Next Phase' after 11 Days of Student-Led Revival