How to Borrow Money at Today's Low Rates

If you want to buy a house, refinance your mortgage or buy a car, record-low interest rates may have you convinced that the world of borrowing is your oyster. But this oyster is increasingly difficult to crack.

The average interest rate for a 30-year fixed-rate mortgage, for example, has hovered around 3% for weeks, an astonishing development for anyone who remembers double-digit rates from the ’80s and early ’90s. Not surprisingly, many people are eager to take advantage of low rates to buy a home