DID YOU KNOW?
Those aiming to get a new mortgage — either to refinance their existing home loan or to purchase a mortgage — shouldn’t worry too much about interest rates staying this elevated, as they jumped recently due to long-term bond yields rising. Economists have said lenders will likely bring rates back down to an extent once they’ve worked through their backlog of applications. (Marketwatch)
DID YOU KNOW?
States and cities across the U.S. are scrambling to quickly draw millions of dollars from their reserves to help cover coronavirus-related expenses such as testing and unemployment insurance, while also bracing for steep tax-revenue declines. (WSJ)