Mortgage Rates May Not Go Any Lower Than This: Bloomberg

Because I am a financial genius, I saw interest rates crashing five months ago and rushed to refinance the mortgage on my sprawling New Jersey estate (three bedrooms). In the months it took to close and thereafter, I watched as interest rates continued to collapse even harder and feared I’d made a terrible market-timing mistake. But mortgage rates, weirdly, never fell much below the rate I locked down in early March.

My mortgage broker talked me off the ledge a few times about this. Brian Chappatta could have done the same. Back in May, he wrote about how mortgage rates were stubbornly not imploding and suggested they probably wouldn’t drop much further. They didn’t, and recently seem to have bounced off what could be a lower bound of 3%: