The Wall Street Journal reports that banks will recast mortgage loans. Thanks to Federal Reserve policy changes, it’s currently cheaper for banks to get loans than it has been for a while. The other effect of a reduced LIBOR rate seems to be lower mortgage rates. Rates have been declining for decades. Depending on when you opened a new mortgage in 2018, it would have been among the lowest rates historically available. More Disposable Income = Growing Economy/Retail Investment While there isn’t a direct correlation between mortgage rates and the overall stock market, the fixed cost of mortgages is money
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