In short, the bond market dropped and interest rates on mortgages - TopicsExpress

In short, the bond market dropped and interest rates on mortgages spiked. Good news and bad news for buyers. The Bad: If you get into contract now, mortgage payments are going to be a little steeper than they were 2 days ago. The Good: This should ease the crunch of buyers in this area a little bit as people re-evaluate their options. money.cnn/2013/06/20/investing/stocks-markets/index.html?hpt=hp_t2

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