...twice as many homeowners trading in higher-interest mortgages for cheaper ones than in the same period of 2018. “These trends could all change when the economic fallout from the Coronavirus...

...positive trajectory, but the coronavirus has undoubtedly slowed buyer traffic and it is difficult to predict what short-term effects the pandemic will have on future sales,” Yun said. Gay Cororaton,...

New York Governor Andrew Cuomo has announced a 90-day mortgage relief plan for homeowners across the state, responding to the spread of coronavirus putting many New Yorkers out of work....

...emergency," said FHFA Director Mark Calabria. “As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage should reach out to their mortgage servicers as soon...

...confidence report, while still upbeat, is beginning to indicate early signs of Coronavirus-driven headwinds to the construction industry, particularly concerns around supply-side disruptions and future demand,” she said. Kushi added,...

...worse than the Great Recession. According to The Balance, unemployment peaked during the Great Recession in October 2009 at 10.2%. The rise of the coronavirus has caused both the Federal...

...rates to zero on Sunday in an effort to bolster the U.S. economy as it combats the effects of the coronavirus. The benchmark interest rate is now in a range...

...of a range of companies.” Additionally, the White House will ask Congress for a stimulus package worth at least $850 billion to address the economic fallout of the coronavirus outbreak...

...uncertainty stemming from the coronavirus. Interest rates remain low, and a lack of inventory creates market opportunities for single-family builders. However, down payment requirements are a limiting factor amid lower...

...by COVID-19. “The coronavirus pandemic has created a threat to the health and well-being of the American people, as well as to our country’s economic stability. While some in Washington...