Analysts, economists and mortgage professionals are coining this quarter’s activity as one of the most “calm” periods for mortgage rates in recent memory. It follows nearly three years of borrowers being sidelined by higher rates or “stuck” in loans with historically low rates.

BTIG analysts said Wednesday that despite Treasury volatility in April, mortgage rates remained unusually stable this quarter. Rumors are growing that the Federal Reserve will cut rates in July, leading analysts to expect affordable products like adjustable-rate mortgages (ARMs) to make a comeback.

Borrowers seem to be warming up to rates that have limboed between details ⇒

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