Mortgage Rates Drop As U.S. Bank Failures Compress Bond Yields
Two U.S. bank failures sent Wall Street investors scurrying into bonds this week, providing the real estate industry with an unexpected boon on the brink of its busiest season: the lowest mortgage rates in three weeks.
Two U.S. bank failures sent Wall Street investors scurrying into bonds this week, providing the real estate industry with an unexpected boon on the brink of its busiest season: the lowest mortgage rates in three weeks.
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