Trump signed into law today, the two trillion-dollar coronavirus stimulus package. $377 billion in loans and grants has been dedicated to small businesses. $500 billion in loans to struggling businesses. Foreclosures and Evictions on federal government backed loans are blocked in the package, and federal student loan payments and interest will also be paused for 6 months.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.40% (-0.22%)
• 15-year (FRM) rates at 3.50% (+0.10%)
• FHA 30-year Fixed rates at 3.30% (-0.20%)
• Jumbo 30-year Fixed rates at 4.50% (0.00%)
• 5/1 ARM rates at 4.25% (0.00%)
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RBS Citizens
Clifton Park, NY