New Delhi, Feb. 24 -- Mortgage rates in the United States have dropped below 6%, according to the White House. In a post on social media platform X (formerly Twitter), it further stated that this is the lowest mark since 2022.

The average 30-year fixed mortgage rate in the US dropped to 5.99% on Monday - same as in 2022, and over a percentage lower than the 6.89% rate the same time last year, CNBC reported.

"Mortgage rates just fell BELOW 6%, the lowest mark in years. President (Donald) Trump is helping make the American dream affordable again," the post stated.

As per the report, investors rushing out of a volatile stock market amid the tariffs chaos, moved to safe haven bond market options on Monday, causing mortgage rates and yields...