Unemployment Woes Pulling Down Mortgage Rates

Apparently, the country’s unemployment problems are affecting mortgage rates. Citing data from financial services firm Bankrate, Bob Massey of REWealthCoach.com says that high unemployment is dragging down mortgage rates. According to him, joblessness in the country is causing investors to buy U.S. Treasury notes in bulk, which in turn influences mortgage companies’ decision to lower rates. Read on to learn more. Click Here or click the image to read the rest of this article.

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