This is what falling stock prices mean for mortgage lending

By Kelsey Ramirez | HousingWire

The Dow Jones Industrial Average began decreasing Friday, then plummeted on Monday, seeing its biggest point loss in history.

The Dow sank a full 1,175 points Monday, the most points its lost in its history, and erased its gains for the year. And at one point during the day, it was down as much as 1,600 points.

And the chart below from Google Finance shows the Dow continues to slip, and as of 2:34 p.m. ET still lingered lower than Monday’s close.

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