Mortgage rates are back below 6%, the lowest since 2022

Mortgage rates have dropped sharply from a year ago. Sha Hanting/China News Service/VCG/Getty Images The 30-year fixed mortgage rate fell to 5.99%, tying the lowest level since 2022. A stock sell-off pushed investors into bonds, pulling yields and mortgage rates lower. Refinancing is rising, but homebuying remains subdued. Prospective homebuyers are seeing the lowest 30-year fixed mortgage rates since 2022. The average rate on the 30-year fixed mortgage fell to 5.99% on Monday, according to...