Mortgage companies keep saying rates are low
But it isn't so. They're trying to lure people into refinancing with ARM's.
I don't remember the Fed lowering interest rates since they started raising them. Recently, the new guy said they wouldn't raise them this last go-round. However, as inflation rears its ugly head, job growth stalls and production is static, the Fed will have to do something before we fall into a full-fledged recession.