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

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%. Fed Chief Jerome Powell offered reassurance that the U.S. economy is still strong, but he says the spread of the virus will likely affect economic growth. But, he says "we will get to the other side" and "return to solid growth and a solid labor market as well." www.NewsForInvestors.com