Financial & Real Estate Market Update February 18, 2020

Calculator in the shape of a houseThanks for checking out this week’s markets in a minute. Interest rates are slightly better from this time last week. The FED spoke this week and told us that they are keeping a close eye on the coronavirus. Fear of the virus has helped keep mortgage interest rates low. Last week’s jobs data was stronger than expected but interest rates didn’t move much. Low rates are boosting home buyers to apply for a mortgage. The MBA said that mortgage delinquencies have hit an all-time low which is great for the US economy. Homes for sale inventory dropped 14% in January to the lowest level since 2012.

Click here for this week’s Markets In A Minute.

If you have any questions or like more information on buying a new home or refinancing your existing mortgage then call or text me now 203.913.6016. You can also contact me through my site HERE.

 

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