Mortgage Rates Drop to a One-Month Low as Wall Street Tech Slump Spurs a Flight to Bonds
WASHINGTON — In a market shift driven by a sudden loss of investor confidence in the technology sector, average U.S. mortgage rates experienced a notable decline. The broader financial markets’ rotation away from equities and into fixed-income securities has created a welcome, albeit tentative, breather for prospective homebuyers and those considering refinancing. While average borrowing…
