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 […]
Stocks Drop and So Do Mortgage Rates
October 7th, 2008 · Comments Off on Stocks Drop and So Do Mortgage Rates
Tags: Economy · Mortgage Lending