The U.S. economy remains on solid ground, inflation is contained and the Federal Reserve has softened the threat of higher short-term rates. This has allowed mortgage rates to drift down to their lowest level in 10 months. This is great news for everyone looking for homes during the upcoming spring home buying season. Mortgage rates are essentially similar to a year ago.? However, there are more homes on the market now, which gives today?s buyers a larger selection of homes and more consumer bargaining power than they had the last few years.? Good news all around for mortgage interest rates!