Rate Update: Is This the New Normal in Terms of Mortgage Rates?
You probably haven’t heard much about interest rates lately because there’s been very little movement in the rates. However, interest rates should be front-page news becausethe lack of fluctuating rates is something we rarely see—and the rates are within striking distance of all-time lows. In the chart below, the monthly interest rates—according to Freddie Mac’s Primary Mortgage Market Survey—have remained somewhat steady, falling only slightly over the last five months. Alth