Mortgage Lender Freddy Mac reported that the rate for a 30 year fixed rate mortgage fell to 5.98%, the first time it has been under 6% since September, 2022.
The rate for a 30 year fixed mortgage peaked at 7.79 percent in October of 2023. When President Trump took office in January 2025 rates hovered around 7%. Rates have been steadily declining since May of 2025.
According to a press release by Freddy Mac, “This rate, combined with the improving availability of homes for sale, is meaningful and will drive more potential buyers into the market for spring home buying season.”
Zillow currently shows 77 single family homes listed for sale in Orange.
Photo: Grok
- Advertisement. -
