Mortgage Market Update March 2-5

March 2

Citizens are starting to travel and go out less as the coronavirus has cases arising in the United States. There is talk that we could see travel restrictions and possibly the cancellation of March Madness.

There is major threat of the coronavirus on the economy which leads to a possible recession over the next few years.

The Federal Reserve might cut rates in attempt to stimulate the economy.

Mortgage Bonds reached an all-time high today and we could see this go even lower by the end of this week.