As the news about a slowing economy and fears of recession mount, the stock market has taken a huge hit, falling double-digit percentages in the last couple months, but housing is benefitting. As money has been taken out of stocks, it has been flowing into bonds, which are historically a very safe investment. When demand for bonds rises, that reduces the interest rate paid on those bonds. As the bond market goes, the mortgage market follows. We've seen substantial improvements in rates in just the last … [Read more...]