Mortgage rates settle above 6%, lowest in over three years

Mortgage rates ended the week just above 6%, the lowest point since September 2022, although one other indicator had the 30-year fixed under that level for a couple of days.

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The 30-year fixed rate mortgage fell 8 basis points this week to 6.01% as of Feb. 19, the Freddie Mac Primary Mortgage Market Survey found. A year ago at this time, this product averaged 6.85%. It has not…