The coronavirus prompted the Federal Reserve to implement an emergency rate cut, which has driven mortgage rates to record lows. However, there are signs that the cut may not be enough to drive more buyers into the market as is evident with a drop in sales of existing homes in January.
Posted by Jeffrey Richmond
Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.
