08/07/2026
Today's Quiz: Is 6.7% today's rate, last August's rate, or the 3 yr average?
What is your guess? The correct answer is:
ALL 3!
THE TAKEAWAY: This isn’t a new normal or a bad moment, it’s simply the market we’ve been in for the past three years. Rates move around week to week, but the bigger picture tells the story: we’re sitting almost exactly at the 3-year average, and rates are a full point better than the worst we saw two years ago.
If you’ve been holding out for dramatically different numbers—something we haven’t seen since 2021 and may not be coming back, it may be time to stop waiting for the market to return to what it was and start making decisions based on the market we actually have.