Mortgage rates fall to record lows, but coronavirus could prompt slowdown

Mortgage rates have fallen to record lows, but growing fears of the coronavirus may keep homebuyers on the sidelines this spring. Rates continued to drop this week after the Federal Reserve cut interest rates Tuesday in an emergency move, according to the Wall Street Journal. The 30-year fixed-rate mortgage fell to 3.29 percent from 3.45 percent last week, according to Freddie Mac. Early last month, when the coronavirus was still largely confined to China, mortgage

source https://therealdeal.com/2020/03/05/mortgage-rates-fall-to-record-lows-but-coronavirus-could-prompt-slowdown/