Interest Rates Are Really High ... Or Low, Either Way


A Reuters head this morning says that mortgage rates are at a six-month high, when in reality they are are a six-month LOW.

There was a slight bump in mortgage applications, which makes sense since rates are so low.

There's sure to be a write-thru correcting the headline some time this morning, but it's easy to see why people get confused about financial reporting when there are mistakes like this.