So much for those ever-rising mortgage interest rates
Mortgage interest rates are down again. They are lower than they were a year ago and up slightly from the all-time low earlier this year.
To get a better view here is a chart that goes back to 2018
The low interest rates do make buying a home more affordable. Don’t panic when they go back up to 3% because they will.
The result: Interest rates have actually been falling in recent weeks, or even months. And that might explain, partly, why the housing market has remained so strong of late.
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