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Stocks Drop and So Do Mortgage Rates

October 7th, 2008 · Comments Off on Stocks Drop and So Do Mortgage Rates

Monday, the Dow Jones Industrial Average closed below the psychologically-important 10,000 level for the first time since 2004. Despite the milestone-marker breach, however, there was a large group of Americans with reason to cheer.  As stocks sold off, mortgage markets rallied to the benefit of home buyers everywhere. Conforming mortgages rates improved yesterday. Most interesting […]

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Tags: Economy · Mortgage Lending