Mortgage rates head deeper into record territory

Thirst for bonds shows growing fear that recovery is in jeopardy

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

Mortgage rates headed deeper into record territory this week as rumblings from Europe continue to make the guaranteed bonds that fund most mortgage loans look like a safe bet to investors.

Fears that the European debt crisis will derail the global economic recovery may also be weighing on would-be homebuyers, as demand for purchase loans slipped last week, with applications back down to levels seen a year ago.