Real Estate News Brief: Emergency Rate Cut, Record Low Mortgage Rate, Real Estate as “Safe Haven”

Summary: In this Real Estate News Brief for the week ending March 7th, 2020... we have an emergency interest rate cut, all-time low mortgage rates, and a virus-inspired surge in real estate investing. We begin with economic news from this past week, and a quarter percent rate cut by the Fed. The central bank cut rates to help protect the economy from the effects of the coronavirus. The overnight lending rate is now from 1 to 1.25%.