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Mortgage Rates Drop Quickly as Market Panic Sets In

(Mortgage News Daily) - 1 months ago
 Posted To: Mortgage Rate WatchMortgage rates dropped quickly today as global financial markets underwent a volatile shift. When money is flowing out of stocks and into bonds (as it was today) rates move lower. There are several underlying reasons for the move and it's impossible to assign a value to each of them with perfect precision. Several of the most noticeable ingredients include: ongoing trade tensions, political upheaval in Britain, and weak economic data early in the day. Even thou...
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