Will mortgage rates ever fall to 3% again? – CBS News

For 25 years mortgage rates were near 7% + or – and were at 18% in 1981. But a few years with unusually low rates has persuaded Gen Z and others that today is the worst possible time in history: How to show you know nothing of history without saying you know nothing of history

Mortgage rates fluctuate based on many factors, with one big one being the Federal Reserve’s ability to manipulate market interest rates.

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