NEW YORK — So much for those worries about rising interest rates. — HOME BUYERS, HOME OWNERSA drop in mortgage rates would be welcome for buyers as they head into the spring home-buying season. Wednesday’s tumble for Treasury yields indicates mortgage rates have room to fall further. Such an easing would be welcome help for the housing market, which struggled last year as potential buyers got priced out by rising mortgage rates. — STOCK INVESTORSLower interest rates can encourage borrowing and more economic growth, and stock investors are nervously scrounging for the latter given a slowing global economy.
Source: National Post March 21, 2019 07:02 UTC