For homebuyers, there’s a silver lining. Uncertainty has a way of making mortgages cheaper. Last week, rates hit their lowest in a year.
“The plummeting U.S. stock market is giving potential homebuyers an unexpected boost in the form of lower mortgage rates,” said LeeSa Lyons, a Redfin agent in Atlanta.
And many Americans have benefited from record-breaking share prices since the great recession. Remember this chart:
