Simply put, the government has been
artificially holding down rates by buying billions of dollars worth of mortgage backed securities.
If the LIBOR has been
artificially held down that would be good news for borrowers.
The result of this was that long term interest rates were
artificially held down.
Because of the way prices are
artificially held down in North Carolina, you may be surprised to find that the coverage costs even less than the national average of fifteen dollars a month!
Not exact matches
In the mainstream narrative, the Fed has been
artificially holding interest rates
down to stimulate the economy, and soon it will have to raise rates to more normal levels.
Other states, like North Carolina,
artificially hold rates
down to unsustainable levels, which makes it difficult to get insurance there.