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Global woes send mortgage rates skidding lower

Libya is helping to fuel lower mortgage rates, but be on guard.

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As a result, the global woes could bring profits to U.S. pig farmers who have been suffering from low prices for months amidst global trade wars and large domestic meat supplies.

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S&P Futures 2,792.00 -18.75 (-0.67%) The peso, which slightly weakened to 53.49 per dollar in morning trade, has lost more than 6 percent against the dollar so far this year due to rising interest rates in the U.S. and deterioration of the Philippines’ external account.

Will banks lower mortgage rates? That could send shock waves through the bond and equity markets as these props are pulled away and interest rates begin to rise. according to research firm EPFR Global. US market bubble? US junk.

The economic policy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007-2008, and the Great Recession that followed.

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The recent trend of rising mortgage rates has prompted some potential homebuyers to lock in an interest rate before they rise any higher. Many potential buyers are realizing that locking in now on a lower interest rate will save them more money in the long run, rather than waiting to buy a home until sale prices drop further.