Mortgage Rates Fall Below 6% for the First Time in 3 Years (Today)

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▼ Mortgage rates dip below 6% — should you buy or refinance?

The U.S. mortgage market recently hit a noteworthy milestone: the average 30-year fixed mortgage rate dipped below 6%, around 5.98%, for the first time in more than three years. This is the lowest average we’ve seen since 2022 and a meaningful development as the spring home-buying season gets underway. 

A recent segment on the TODAY Show highlighted encouraging news for the housing market: the average 30-year fixed mortgage rate has dipped below 6% for the first time in years.

While rates fluctuate daily, crossing that threshold is significant. Even a modest drop in interest rates can improve monthly payments and expand overall buying power — giving many buyers renewed confidence to re-enter the market.

What This Means for Today’s Buyers

Improved affordability: Lower rates can reduce monthly payments compared to where we’ve been over the past few years.

Expanded options: Buyers who felt priced out at higher rates may now qualify for more home — or move forward sooner than expected.

Strategic timing: For buyers who are financially ready, small shifts in rates can create meaningful long-term savings.

Why New Construction Stands Out in This Market

The segment also touched on an important reality: home builders are motivated to keep homes moving in today’s environment. But motivation doesn’t always mean heavy discounting — it often means creating a better overall value proposition.

Compared to resale homes, new construction offers:

✨ More Choice

Instead of competing in bidding wars over limited inventory, buyers often have multiple homes, floor plans, and timelines to choose from — including quick move-in opportunities.

🏡 Design Flexibility

Depending on timing, buyers may be able to select finishes, structural options, or elevation styles — something rarely possible in the resale market.

🔧 Lower Maintenance & Greater Efficiency

New homes are built to current building codes and energy standards, offering modern layouts, updated materials, and reduced near-term maintenance costs compared to older homes.

📊 Greater Transparency

With new construction, pricing, features, and timelines are typically clear and straightforward — reducing uncertainty during the buying process.

In a market where resale inventory can still feel tight and competitive, that level of flexibility and predictability is meaningful.

The Right,Move, Right Now

A rate environment dipping below 6% may not last forever. For buyers who are prepared, this shift — combined with the value and flexibility of new construction — creates a compelling window of opportunity.

At Robertson Homes, our Right Move, Right Now campaign is about exactly that: helping buyers evaluate their timing, understand their options, and move forward confidently when the numbers and lifestyle align.

Because sometimes the right move isn’t about chasing the lowest rate, it’s about recognizing the right moment.