Coronavirus’ economic hit pushes down mortgage rates

The deadly coronavirus outbreak in China that has spread to other countries is starting to have an impact on mortgage rates.
Yields on U.S. Treasuries are falling to their lowest levels since October as investors retreat to safe-haven asset classes amid an uptick in reported cases around the world. Investors worry that economic challenges posed by the illness will cool the global economy.
The bond-buying surge could send mortgage rates even lower than the current rate of 3.7% for 30-year, fixed-