Market Chaos Could Help Mortgage Rates

Going through a financial crisis is not fun.  If there's a silver lining, it may be that mortgage rates are low for those who can qualify for a loan.

Today's stock market chaos helped push rates lower, and more bad economic news could do the same.  As stock prices plunge, some investors react in a way that helps borrowers.

Mortgage News Daily describes the process, and some factors that may affect mortgage rates going forward.  For example, tomorrow's First Friday jobs report could potentially influence rates.

When you're getting a loan, bad news for everybody else may turn out to be good news for you.