Mortgage rates have fallen to their lowest point this year while markets are 'spooked' on economic growth and a sour consumer sentiment report

couple shaking hands with realtor (Credit: Getty Images—Andresr)

• Mortgage rates hit their lowest level this year at 6.72%. A Zillow senior economist points to a lackluster consumer sentiment report as one of the driving factors. Mortgage applications have already increased, indicating a better spring homebuying season for buyers.

Prospective homebuyers got some welcome news on Thursday: Mortgage rates hit their lowest point since the start of the year. As of Thursday, the 30-year fixed mortgage rate was 6.72%, according to Mortgage News Daily. Mortgage rates were as high as 7.26% in January.