Mortgage Rates At "Attractive Levels"

I found it rather amusing the other day while reading my EarlyBird News Daily Briefing from the Florida Association of Realtors and looking at Mortgage Rates. The fist few line read as follows and I quote: "Rates on 30-year mortgages inched higher this week to 4.87 after two weeks of record lows, but still remained at attractive levels for borrowers looking to refinance their homes."

The key being attractive levels...are they kidding, it's almost like they're saying that the levels are getting close to being unattractive. Maybe the writer was too young to remember 18.5% back in the day. Heck having gone through owning a home back then, anything under 10% looks good to me.

Maybe it's just that we're all getting a bit spoiled these days!

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