Real Estate Update -March 2020

Real Estate Update -March 2020

First off, Happy St. Patrick’s Day! He is considered the founder of Christianity in Ireland, celebrating his death on March 17. Despite evidence of some earlier Christian presence in Ireland, he is still credited as the founder.

Here we are in the middle of COVID-19 outbreak with events as we have never experienced before. Avoid groups of 10 or more. Wash your hands 20 seconds and sanitize!

During our current mortgage situation, Cindy Brown of CMG, 615-567-8870 makes 4 points.

• The cut in rates does not automatically force Long Term Mortgage rates to decrease
• The Fed cutting the Federal Funds rate down to zero does NOT mean that mortgage rates
will be zero or will be lower at all
• The Federal Reserve rate does NOT move mortgage rates. Mortgage rates are primarily
dictated by trading taking place in the Bond market and Mortgage-Backed Securities (MBS)
• With the current market situation, it is very hard to predict what mortgage rates will do in the next few days.

Notice the new listing in our neighborhood. Tell your friends and pick your neighbor!!!!