Have mortgage rates reached the final bottom?

[mathjak107]

Negative rates in Europe were a way of forcing banks to loan and threw a penalty on not loaning money for them ..European banks do not loan money easily across the board .

No the population is not paid to take a loan , it is strictly a banking tool .

We have no such problem here as our banks freely loan money so odds of bond rates going negative here are near zero.

This is where the layman misunderstands the why and how’s of negative rates

[DannyHobkins]

22 days so far at near record lows.

https://www.foxbusiness.com/personal...august-18-2021

Refinanced in November with a 10 year Arm for 2.125%, no points and I thought I got a hell of a deal. Wonder what the offer would be now.

[Ceece]

They've gone down about 2/10th of a percent since I did my refi and I only did THAT refi because they went down over 1/2 a percent since the refi I did before that, when I declared it was the last one I'd ever do! I really do think I'm done now, my mortgage balance is low so I wouldn't see much benefit unless it went down a significant amount...and there's not a lot of room left.

Speaking as someone who's first rate was 14.25% back in the 80's I'm just thrilled to be under 3%!