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What the debt downgrade means to your mortgage

mortgage rates

Mortgage rates are set off of the interest rates on U.S. Treasury notes and bonds. Investors still rushed into U.S. Treasury securities Monday as a safe haven, believing more in the “full faith and credit of the United States” than in the opinion of Standard & Poor’s credit analysts. As investors snapped up Treasury notes and bonds they pushed down interest rates on those securities, which move inversely to prices.

Mortgage rates drop to their lowest level since 1950s | San Antonio Business Journal

mortgage rates

“Long-term mortgage rates rose a bit in the final week of the year, but average rates this year have been the lowest since at least 1955.”
- Mortgage rates drop to their lowest level since 1950s | San Antonio Business Journal.

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