According to Fortune, the brightspot with the coronavirus are the low interest rates in the mortgage and refinancing markets.
- According to the article, where are 30-year mortgage rates?
- What are investors doing with their money?
- What do the 10-year treasury bonds now yield?
Shen, L. (2020). Complete mayhem’: Mortgage refi applications soar 224% as rates hit an all-time low. Fortune, March 9 (Retrievable online at https://fortune.com/2020/03/09/coronavirus-mortgage-refinance-applications-low-rates/)