"Greece rejected an European Union-appointed budget watchdog appointed to Athens as a condition of bailout money."
In and of itself that does not sound like it should be affecting US mortgage rates. But it has. US Treasury 5 year bonds that are somewhat related to mortgage rates are at an all time high driving rates even lower.
Basically, until Europe has a plan as to how they are going to fix the economy, money is flowing into US Treasuries, reducing mortgage rates. These actions are taking precedence over internal US conditions including the employment rate. Should Europe look like they are coming to a consensus about solving their problems, look for rates to go up.
Sample rates:
30 year fixed to $417,000 - 3.75%
30 year fixed $417,001 - $625,500 - 4%
No one has any idea how long this will last.
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