Mortgage Rates at This Year's Low, Thanks to Greek Chaos


Riots in Greece kill three bankers, and the threat of chaos pushes down interest rates for U.S. home loans.

The average interest rate for 30-year home loans dropped to 4.93 percent (with an average 0.7 percent origination fee) for the week ending May 13. That's close to the lowest-ever rate of 4.81 percent recorded last December, according to the Freddie Mac Primary Mortgage Market Survey.

So how does that work?

Originally published