U.S. mortgage rates break 6% for the first time since 2022—Did it really happen just like that under Trump's order!?

2026-02-28 01:15:45

On February 26, 2026, the 30-year fixed mortgage rate in the United States dropped to 5.98%, falling below 6% for the first time since September 2022. This represents a cumulative decrease of 182 basis points from the peak of approximately 7.8% in October 2023.

This milestone was not driven by a single factor but resulted from the combined efforts of three forces, with the most significant being Trump’s “one shout,” which surprisingly took effect.

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