Mortgage News: Wall Street Turmoil Pushes Down Loan Rates

It’s not a great situation, but tough times on Wall Street can result in lower mortgage rates. Here’s why.

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Who would have guessed that the problems of a small, debt-challenged European nation would ripple across the Atlantic and result in a surprise discount for homebuyers and refinance applicants. That’s what happened last week when investors spooked by the problems in Greece and Europe shifted their funds to U.S.... Read more