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Macro EconomyMedium•23 February 2026•

1 min read

US Mortgage Rates Break Below 6% for the First Time Since 2022

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Key Facts

1US mortgage rates dropped below 6%, matching their lowest levels since 2022.

2The drop is attributed to falling bond yields driven by economic concerns over tariffs and recent GDP data.

US mortgage rates have fallen below the 6% threshold, reaching their lowest levels since 2022. The decline is primarily attributed to a retreat in Treasury yields as economic uncertainty persists across global markets. Concerns regarding the potential impact of tariffs and recent GDP data have driven investors toward the safety of bonds, lowering the yields that influence mortgage pricing. Breaching this psychological level is expected to provide a significant boost to the US housing market's affordability and stimulate buyer interest. Homebuilders and real estate investment trusts (REITs) are likely to benefit from this shift in the lending environment. Market participants remain focused on whether this downward trend will be sustained amid broader macroeconomic shifts.