Southern Utah Title

Mortgage rates fell this week to their lowest level since September 2022, dropping to 6.01% for a 30-year fixed loan, down from 6.09% last week. Last year at this time, rates averaged 6.85%.

Freddie Mac’s chief economist, Sam Khater, says lower rates make buying a home more affordable and help homeowners save money through refinancing, with applications more than doubling over the past year.