Real Estate

The only problem with low long-term rates will be if short-term rates surpass long-term rates and the yield curve inverts.

r Treasury-indexed adjustable-rate mortgages (ARMs) averaged 4.26 percent this week, with an average 0.7 point, up from last week when it averaged 4.23 percent. At this time last year, the one-year ARM averaged 3.99 percent. It’s remarkable how mortgage rates have remained so low for so long, according to Frank Nothaft, vice president and chief economist. “But as long as inflation is held in check, there is little or no pressure to push mortgage rates higher. And at the moment, despite high fuel prices, core inflation does indeed seem...

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