While you may not enjoy watching the chaos in global markets (and it would not be as much fun to live in Greece right now), everything comes with tradeoffs.
Mortgage rates have fallen in recent weeks as a result of fears in the global economy. When things get crazy, there is sometimes a "flight to safety". Many believe the USA is one of the safest places to park money, and that ends up helping US borrowers.
Mortgage rates are bouncing around historical lows. If you aren't sure what this means to you, run some numbers to see how your loan might be affected. Low rates mean lower monthly payments, so they can free up some cash or make it easier to buy (but buying too much house is still a bad idea).
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