Rate drop boosting home sales

As investors sell on Wall Street, it's led to this big drop in mortgage rates and homes are selling.

FOR HOMEOWNERS.

MORTGAGE RATESARE FALLING TO RECORD LOWS ANDTHOSE REFINANCING MORTGAGESARE SAVING BIG.

WPTVNEWSCHANNEL FIVE'S MATTSCZESNY FOUND OUT MORE ABOUTWHO'S CASHING IN ...<< (STAND UP) THIS NEWS SEEMSTO BE GETTING LOST IN ALL THETALK ABOUT WALL STREET POSTINGBIG LOSSESÃBUT EXPERTS TELLUS THOSE WHO OWN HOUSES ANDCONDOS ARE SOME CASES SAVING ACOUPLE HUNDRED A MONTH ON THRATE DROPÃ232443“AMAZED ISAVED MORE THAN MY CARPAYMENT, COULDNCHRISTIAN STANBURY OF BOYNTONBEACH JUST REFINANCED HISCONDOÃCASHING ON IN THE LOWRATES THAT HAVE BEEN TRIGGEREDBY THE WALL STREET DECLINESOVER THE CORONA VIRUSÃWITHRATES DOWN AROUND 3 PERCENT ONA 30 YEAR FIXED MORTAGE &MORTGAGE BROKERS ARE SEEING AREFINANCING RUSH.

231915“THECALLS HAVE BEEN COMING IN LEAND RIGHT” GREG HAYDEN OFMORTGAGES DONE RIGHTÃTELS USHIS PHONE HASNRINGING.

232017“RIGHT NOW,ITPROBABLY 70 PERCENT OF THECALLS ARE SHOULD I REFINANCE,DOES IT MAKE SENSE, CAN I SAVEMONEY, CAN I SAVE 300 DOLLARSOR 200 DOLLARS” IN MANY CASESHE SAYS THE ANSWER IS YES &ESPECIALLY HE SAYS FOR THOSEWHO HAVE OWNED A HOME FOR LESSTHAN 5 YEARS.

AND THATEXACLY HOW LONG CHRISTIAN HASOWNED HIS CONDO.

232612“THENUMBERS DONTHERE IN BLACK AND WHITE YOUSEE THE SAVINGS AND YOU HAVETO JUMP ON THEM IF YOU CAN”(STAND UP) ITS BEEN A PLEASANTSURPRISE FOR MANYÃESPECIALLYSINCE NO ONE SAW THIS RATEDROP COMINGÃAND SINCE IT WASTRIGGERED BY CORONA VIRUSWORRIES - MANY DONTO LAST VERY LONGÃIN WPB,MS, WPTV NC5.