MARCH 30, 2020 By; JORDANREED This past week, thanks to the Federal Reserve, home loan rates declined. The high uncertainty around the coronavirus and its impact on homeowners and mortgage payments created a dire need for liquidity in the mortgage-backed…
By Kathy Orton March 26, 2020 at 10:48 AM EDT Mortgage rates have bounced around a lot lately, making it difficult to know where they are headed. Last week, they spiked to their highest levels since January. This week, they tumbled.…
RESPONSE TO COVID-19 In response to these volatile times due to the COVID-19 pandemic, Fannie Mae (Lender Letter 20-03 & 20-04) and Freddie Mac (Bulletin 2020-05) have issued joint guidance on a number of topics to help provide flexibility to…
Adam DeSanctis adesanctis@mba.org (202) 557-2727 WASHINGTON, D.C. (March 18, 2020) - Mortgage applications decreased 8.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 13, 2020.…
Foreclosure moratorium will last for 60 days March 18, 2020, 1:04 pm By Ben Lane Cities and states across the country are already suspending evictions and foreclosures in response to the spread of the coronavirus, but the federal government is taking the biggest step…
JCPS is distributing more than 12,000 free breakfasts and lunches to children 18 and under, no questions asked, every weekday from 10 a.m. – 1 p.m. Here’s the list of the 53 distribution sites and a map of the sites…
Published: March 14, 2020 at 9:28 a.m. ET By Jacob Passy The rise in mortgage rates had nothing to do with markets and everything to do with lenders Rates on 30-year mortgages rose this past week as lenders grappled with…
Published: March 16, 2020 at 11:28 a.m. ET By Jacob Passy Mortgage rates have dropped to 50-year lows in response to global concerns regarding the coronavirus outbreak The Federal Reserve cut its benchmark interest rate to 0% on Sunday. The…
Stocks Just Entered a Bear Market for the First Time in 11 Years. Your Questions, Answered BY IAN SALISBURY MARCH 11, 2020 The trading numbers are displayed on the floor of the New York Stock Exchange on March 11, 2020 in…
Article Written By: Dhara Sign This article has been updated with latest 30-year fixed mortgage rates and new insight from experts. As fears over the coronavirus grew, so did the opportunity for homeowners to lock in lower mortgage rates. The…
