Happy Wednesday everyone! We hope you are all doing well and staying safe & healthy during this challenging time. Today, we read that The White House and Senate finally strike a deal on the stimulus bill, the U.S. Treasury sees negative rates, and weekly mortgage applications tank as the coronavirus sidelines homebuyers. See these articles and others relating to U.S. durable goods and how to deal with your bills during a pandemic here:
The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion relief bill — said to be the largest rescue package in American history — to combat the economic impact of the coronavirus outbreak.
The coronavirus crisis has brought another first to U.S. financial markets — negative yields on government debt.
Yields on both the one-month and three-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near-zero and as investors have flocked to the safety of fixed income amid general market turmoil.
New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict measures to contain the coronavirus pandemic sap demand and push the economy into recession.
An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market.
Total mortgage application volume fell 29.4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
April is creeping up, which means rent and mortgage payments are due, along with many other bills. If you’re worried about how you’re going to pay them, Consumer Reporter Susan Hogan has four important things to do right now.