US Bond Yield Drop Suggests Lower Mortgage Rates May be Coming

Reuters, Aug. 5, 2024—-Makailah Gause
The financial market upheaval of the last several days may soon offer a silver lining to millions of U.S. households: Mortgage rates look set to fall further, offering an opening for those eager to get a toehold in an expensive housing market and an opportunity for others who borrowed at high rates to refinance.
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