Relevant:
- Reason #437 to own gold: The Fed wants Negative Interest Rates
- Already At All-Time Lows, Mortgage Rates Continue Lower At Unprecedented Pace
- Ukip wins European elections with ease to set off political earthquake
- Markets wrong to downplay Italian political risk
- We Just Had The Worst Day For Mortgage Rates in Over 3 Years
2013-02-26 — mortgagenewsdaily.com
Mortgage rates moved lower today by the widest margin in over three weeks. The faster-paced movement is courtesy of political tensions in Italy surrounding the country's elections over the past two days. Markets had expected a Bersani victory, which would be as close to a status quo as possible and seen as best for European stability. Instead, Berlusconi may have won control of at least half of the Italian parliament. Markets perceive this as a negative development for EU stability, and such negative developments were among the key contributors to all-time low interest rates in 2012.
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