Housing not immune to coronavirus risks despite cheap mortgages

Cheap money can’t always save housing.
The Federal Reserve, in a surprise move on Tuesday, March 3, cut the central bank’s key interest rates it controls by a half-percentage point. It was the first emergency action, and the largest cut, since the financial crisis of a decade ago.
The cut shows the Fed is taking seriously the economic risks created by the global coronavirus outbreak. And that cheers some investors.
But the fears of a global pandemic and its potentially harsh impact o