Mortgage Roundup (3/16/20): Coronavirus, Rate Cut & Good Neighbors

America is waking up to massive shutdowns to stop the spread of the coronavirus. Global central banks take sweeping action to fight coronavirus. The CDC’s latest guidance for gatherings could stop sporting events for a lot longer. 

And in mortgage news …

Noting that “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Federal Reserve voted Sunday to lower the benchmark interest rate to 0 percent. That means mortgage rates could fall even farther. 

What the Federal Reserve did to blunt the coronavirus’ damage to the economy and why it’s prepared to do more

Calls mount for the United States to halt foreclosures and evictions amid coronavirus fallout. 

Italy is cancelling mortgage bills. That is less likely to happen in the United States.

How the new abnormal between mortgage rates and Treasuries is impacting consumers.

Property taxes are an important part of homeownership. The National Association of Realtors offers a look at how much states depend on them.

The luxury housing market is getting a boost from the coronavirus. “In the most extreme example, some clients with private jets have begun asking about buying homes on islands and in other isolated areas that they can flee to in case of disaster.”

Minneapolis banned single-family zoning, in an effort to create greater affordability with new inventory and increased density. 

Even in a time of quarantine, you can still be a good neighbor.