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.

AS WALL STREET TUMBLES OVERCORONA VIRUS FEARS - RATES FORMORTGAGES ARE QUIETLY FALLINGTO RECORD LOWS.

AND IT'SPUTTING A JOLT IN THE REALESTATE MARKET HERE IN FLORIDA.WPTV NEWSCHANNEL FIVE'S MATTSCZESNY DIGS DEEPER INTOWHAT'S HAPPENING.<< IT'S HARD TO IMAGINESOMETHING GOOD COMING FROM ALLTHE CORONAVIRUS FEARS - BUT ASINVESTORS SELL ON WALL STREET- IT'S LED TO THIS BIG DROP INMORTGAGE RATES - AND HOMES ARESELLING.

VO AND IT'S HAPPPENEDQUICKLY AND QUIETLY - BUT HOMEBUYERS OUT THERE ARE WELLAWARE OF WHAT'S HAPPENING -REAL ESTAE AGENTS AND MORTGAGEBROKERS TELL US THEY ARE NOWDOING A BRISK BUSINESS ASBUYERS ARE MOVING QUICK TOLOCK IN LOW RATES AROUND 3% ON30 YEAR AND 15 YEAR MORTGAGES.TOM MAY - ECHO FINE PROPERTIES231149 "ITS THE LOWEST IVEEVER SEEN IT IVE BEEN IN THEBUSINESS 40 YEARS GOLD PLATEDBUYER TODAY A 30 YEAR FIXED ISIN THE 2'S ITS A SILVER LININGSOME GOOD NEWS FINALLY." TOMMAY WITH ECHO PROPERTIES INPALM BEACH GARDENS IS ALSO AFORMER BANKING EXECUTIVE - NOONE HAS A CRYSTAL BALL ON THIS- BUT HE AND OTHERS SEEM TOAGREE ONCE WALL STREET STARTSBOUNCING BACK THE RATES WILLSTART GOING UP AGAIN.

IN WPB,MS, WPTV NC 5.