Biz: Mortgage rates super-low, but good luck taking advantage
- 4.7% the low point of mortgage rates, hit in the 1940s thanks to post-WWII government intervention
- 5+% the place it’s been most of the time since the 1950s – at one point, it was near 17%, which is insane
- 4.8% the current rate, caused by massive government intervention; too bad banks don’t want to refinance source