A great explanation of how the Dow Jones Industrial Average effects the economy and mortgage market. As government bonds that drive mortgage rate increases as stock prices soar. This occurs because as investors put more money into the stock markets, the market tends to shift away from the bond markets. This creates an inverse reaction for mortgage rates; as bond prices fall, their yields rise. You can click here for more information. Contact your local Charleston trusted lender, the Lucy Lending Team for a more in depth explanation and assistance for all of your lending needs. Thanks! Zach Larichiuta and the Lucy Lending Team 843-469-9010 [email protected] www.charlestonmortgagelender.com
How the Dow Jones Industrial Average Effects Mortgages
