{"id":174322,"date":"2026-03-01T22:43:07","date_gmt":"2026-03-01T22:43:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/174322\/"},"modified":"2026-03-01T22:43:07","modified_gmt":"2026-03-01T22:43:07","slug":"mortgage-rates-drop-below-6-for-the-first-time-since-2022","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/174322\/","title":{"rendered":"Mortgage rates drop below 6% for the first time since 2022"},"content":{"rendered":"<p>CAPE CORAL, Fla. \u2014 The average U.S. mortgage rate dropped below 6% last week, reaching its lowest point since 2022 and giving prospective homebuyers more purchasing power heading into the spring buying season.<\/p>\n<p>The 5.98% rate is nearly a full percentage point lower than it was a year ago.<\/p>\n<p>Watch Fox 4&#8217;s Allie Kaiser hear from a Cape Coral mortgage expert about the dip in rates: <\/p>\n<p>Mortgage rates dip below 6% for the first time since 2022, boosting buying power for SWFL homebuyers<\/p>\n<p>Fox 4 spoke with Brady Webb, CEO of <a class=\"Link\" href=\"https:\/\/loansolutionsnow.com\/\" rel=\"nofollow noopener\" target=\"_blank\">American Mortgage Solutions<\/a> in Cape Coral, who said the timing is favorable for buyers \u2014 not just because of the rate itself, but because of how sellers are responding to the market.<\/p>\n<p>&#8220;If you get in now, these sellers that have been sitting on their houses three, four, six months, some of them maybe even a year, are willing to pay closing costs they&#8217;re willing to do whatever they need to to get their house sold. As the competition increases, they&#8217;re going to be less likely to do that, because there&#8217;s going to be more people wanting to buy their house.&#8221;<\/p>\n<p>Webb said that while rates are not as low as they were during the COVID-19 pandemic, they are currently at or below historical averages.<\/p>\n<p>This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.<\/p>\n","protected":false},"excerpt":{"rendered":"CAPE CORAL, Fla. \u2014 The average U.S. mortgage rate dropped below 6% last week, reaching its lowest point&hellip;\n","protected":false},"author":2,"featured_media":174323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[82645,209,263,211,210,82646,4918,356,82647],"class_list":["post-174322","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-american-mortgage-solutions","tag-cape-coral","tag-cape-coral-florida","tag-cape-coral-headlines","tag-cape-coral-news","tag-home-buying","tag-housing-market","tag-lee-county","tag-us-mortgage-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/174322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=174322"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/174322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/174323"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=174322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=174322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=174322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}