Sara McClure Coldwell Banker Select

What a great night!

https://finance.yahoo.com//emergency-move-u-federal-cuts-1

The market came out STRONG this morning! Rates are insanely low! This morning some interesting information was shared in our Great Plains Bank - Mortgage newsle...tter; I thought it was share worthy. Why does the Corona virus matter for mortgage pricing? The bottom line is the corona virus is expected to reduce economic activity and that helps bond markets, thus mortgage pricing. In an effort to contain the virus, the Chinese government put several major Chinese cities on lockdown during the busy Chinese new year holiday, effecting approximately 40 million travelers. As fear of the outbreak overcomes people’s desire to shop or travel, consumer spending drops and GDP will drop. Of course the immediate effect is on China’s economy, but when considering imports and potential for supply chain problems domestically, there is an impact. China’s economy effects economies globally. If there is an outbreak of the virus in the US there will be a definite negative economic impact and it could be significant enough to shift the Federal Reserve’s current rate holding pattern. Adding to the problem is the lack of clarity on from the Chinese government on confirmed cases. It has been difficult for the markets to get a clear picture of the scale of the outbreak when data is revised and doesn’t appear reliable. Volatility has been introduced as rumors of a vaccine circulate, confirmed cases and deaths, and as quarantined areas are released and people go back to work. It’s really too early to tell just what the impact will be but there is speculation it will exceed the $40B impact the SARS epidemic had in 2003.

$40 million in MAPS 3 funds to be allocated to new and existing projects. Full story: https://www.okctalk.com/content.php

Getting your paws on a new home doesn't have to be hard. With rates still low, you and your furry friends could be moving to a place of your own this year. Contact me to explore your financing options & she needs your pets!! #LoveYourPetDay