Chris Frankie

Chris Frankie

Fed Chair Warns of Lasting Economic Pain, Balks at Negative Rates

Federal Reserve Chair Jerome Powell has called on Congress and the White House to do more to avoid potentially sustained economic fallout from the coronavirus outbreak. So reports the Associated Press.

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Mistaken Forbearances Block Some From Refinancing

In the post-COVID-19 rush, some homeowners’ inquiries to their mortgage servicers have resulted in them getting placed into forbearance by mistake, and they’re feeling the consequences. So reports CNBC.

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Mortgage Rates Camp Out Near Record Lows, Could Go Lower

Mortgage rates have kept drifting close to their all-time lows, and depending on how the economy recovers from the COVID-19 crisis, they could fall further yet. So reports MarketWatch.

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