Greece’s debt crisis may push down mortgage rates here

Blame Greece’s debt crisis for contributing to the recent drop in your stock portfolio, but give it credit for something that could benefit consumers: lower mortgage rates. Last week, rates on fixed-rate mortgages fell to their lowest level this year, while rates on adjustable-rate loans dipped to a point not seen for years, according to a weekly survey by mortgage giant Freddie Mac. The average 30-year fixed-rate mortgage slipped to 4.93% last week, down from 5% the week before and down to the lowest level since early December.