11/05/2026
Wall Street's bad day could be your good day.
The stock market took one of its biggest drops since April 2025 today, led by chip and AI stocks.
When stocks sell off, investors move money into Treasury bonds. That buying pushes bond yields down, and mortgage rates follow the 10-year Treasury yield.
On a $500,000 home with 25% down, every 0.25% drop in rate saves about $61 a month. Over 30 years, that's roughly $22,000.
It's not guaranteed. Oil was up today, and that can push rates the other way. Rates usually take a few days to react.
Buyers: have your lender ready to lock when rates dip. Sellers: lower rates bring buyers back off the sidelines.
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