The 30-year fixed-rate mortgage rate dropped to 6.13 percent on Tuesday from 6.25 percent on Monday, hovering around three-year lows, according to Sept. 16 data from Mortgage Daily News.
Rates have previously been near the 6 percent level a few times since September 2022. During this period, the lowest level of 5.99 percent was hit in February 2023, and the highest, 8.03 percent, was hit in October 2023.
