Mortgage Rates

BREAKING NEWS: Record low mortgage rates #coronavirus #housingmarket #stockmarket |2020





1. Record low mortgage rates: coronavirus originates from Wuhan, China in December 2019.

– The virus quickly spread to other parts of the world, including the United States
– The US economy was the strongest in history until the coronavirus epidemic hit the US like a Category 5 hurricane
– The virus turned the American economy upside down
– Before the virus invaded the United States, the United States had the best and strongest economy ever
– The average Dow Jones average reached new highs daily
– Ultimately, Dow exceeded 29,000 marks
– Other stock indices followed Dow Jones and reached record levels
– The unemployment rate has reached a record low
– The number of unemployed was the lowest in 50 years
– House prices are rising from year to year
– Due to rising housing prices, FHFA and HUD raised conventional and FHA loan limits for four years in a row
– The number of jobs reached a record level of 273,000 in February 2020
– There was no fear of recession, unemployment or a collapse in the housing market
– The country was booming for 11 years with no signs of recession and/or economic slowdown
– Then followed a disaster
– The coronavirus has destroyed the American economy and has put all Americans in a state of fear and uncertainty
– Stock markets have lost over 30% of their value over the weeks
– Now many are concerned about the next collapse in the housing market and the repetition of the financial crisis of 2008
– The current state of the mortgage industry is chaotic and uncertain

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1 comment

  1. awesome video keep up the amazing content

    Reply

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