Mortgage rates were supposed to rise this year. Here’s why they didn’t.

Unlikely Bedfellows Create 15-Year Loan for Low-Income Borrowers
Fannie Mae Relaxes Waiting Period for Distressed Borrowers

Mortgage rates were supposed to rise this year. Here’s why they didn’t.

By Dina ElBoghdady September 11

washpost9-12-14washpost9-12-14Throughout the year, mortgage rates have defied expectations.

House hunters who were bracing for rates to increase instead saw them fall and then plateau in recent months,  settling in at their lows for the year.The trend continued this week, with the average rate on a 30-year fixed rate mortgage at 4.12 percent, barely budging from 4.10 percent last week, according to a closely-watched Freddie Mac survey.

Many firms regularly track interest rates and come up with a slightly different numbers because they survey different lenders at different times of the day or week. But most of them don’t expect rates to change much any time soon, and they’ve adjusted their forecasts to reflect that.