Quality Credit Repair Explores How COVID-19 Is Affecting Mortgage Rates
Back in March, the Federal Reserve made two rate cuts that were integral to the central bank's overarching efforts to protect the economy from further damage as a result of the COVID-19 pandemic. Rates on fixed-rate mortgages and home equity lines have fallen since the Federal Reserve pledged to buy billions of dollars' worth of mortgage-backed securities (MBSs) and cut short-term rates. This action impacts prospective homebuyers and homeowners looking to refinance.
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