Mortgage Plunged below 3% Due to renew fear of the Corona Virus!

What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages? This is the second emergency rate cut in two weeks, and brings the federal funds rate to between 0% and 0.25%. It’s designed to stimulate the economy by making it cheaper for people to borrow money for a mortgage, among other things. Together with […]