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Mortgage rates are continuing to fall following the bellwether 10-year note with money flowing to safety driven by the coronavirus that is increasingly worrisome for the economic outlook.

It's widely known the stock market has been overbought compared to what is expected in 2020 growth and, technically, mortgage rates continued sliding this week as investors put money into safer assets like bonds, contributing to the 30-year fixed-rate mortgage dropping 9 basis points, according to Freddie Mac. Markets appear to be erring on the side of pessimism, preparing for slowdowns in growth and, potentially, another cut to the Federal Reserve's benchmark interest rate.

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Mortgage rates continue to slide...

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Although this is not necessarily good news, this is true news. Many of my sellers depend on me for honest, valid information. This piece sources from the Illinois Policy Institute and relays a fact that affects all of us homeowners.

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For the Greater Rockford Area, many wondered if the developments in Mercyhealth and the new Amazon facilities at the Rockford International Airport would boost our housing values. I have not noticed an impact on the housing market and believe we are now at the top of the market values heading downward.

According to CNBC, We'll be shifting into what we call a buyer's market. First-time home buyers will see that mortgage rates are around the lowest its been in thre...

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