RealtyTime: Why Rates Remain Deliciously Low

From the article: “The benchmark 30-year fixed-rate mortgage (FRM) averaged 3.80 percent with an average 0.6 point for the week. Compare that to a year ago when the average 30-year fixed rate mortgage was 4.37 percent.” 

That’s close to what my mortgage rate was 3.5 years ago! 

From Bankrate.com, check out this chart that plots the last 3 years of fixed rate mortgages.