How the coronavirus could help your mortage

How the coronavirus could help your mortage

Tulsa, Okla. — The stock market just had its worst week since October of 2008, according to experts.

This has also caused the mortgage rates to drop.

We spoke to a local expert who says home mortgage rates are historically low and could even surpass November 2012 as the lowest we’ve seen.

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Lower mortgage rates also means many people are refinancing.

Bank of Oklahoma officials say this week, they’ve already seen an 8% increase in refinances.

These lower rates could also help first time buyers who have been struggling to purchase a home in this market.