The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring home-buying season gets rolling.

Mortgage rates dropped below 6%, matching their lowest levels since 2022, as economic concerns over tariffs and a recent GDP report cause bond yields to drop.

There could be some big winners from the return to 6% mortgage rates.

A mortgage rate lock deposit is a fee charged by lenders to secure an interest rate between offer acceptance and closing, providing financial certainty.

Mortgage rates dropped to the lowest level since 2022 last week, but demand from homebuyers declined as well, as they continue to struggle with affordability.

HELOCs and home equity loans offer homeowners an affordable way to borrow money now. Here are the rates for each.