, Columnist
Mortgage Rates May Not Go Any Lower Than This
Not for the foreseeable future, anyway.
Let’s check back in December.
Photograph: Bloomberg
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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.