Fed Drives Rates On Home Loans To Record Lows
News

Fed Drives Rates On Home Loans To Record Lows

May 20, 2020
by
Navi Persaud

The economy has taken a number of serious blows due to the COVID-19 pandemic, and with its recovery still very much turbulent, Federal Reserve Chairman Jerome Powell warns that without added government aid, there could be "lasting damage," as the coronavirus has forced the Fed to drive mortgage rates to new lows, according a MoneyWise report via Yahoo Finance.

Click here to read more about the future of mortgage rates.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
Fed Drives Rates On Home Loans To Record Lows
May 20, 2020 12:03 PM
by
Navi Persaud
News

The economy has taken a number of serious blows due to the COVID-19 pandemic, and with its recovery still very much turbulent, Federal Reserve Chairman Jerome Powell warns that without added government aid, there could be "lasting damage," as the coronavirus has forced the Fed to drive mortgage rates to new lows, according a MoneyWise report via Yahoo Finance.

Click here to read more about the future of mortgage rates.

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