Mortgage market nearly crashed in early COVID-19 days
Mortgage market nearly crashed in early COVID-19 days
You’d think our recent experience with the Great Recession liquidity crisis would have been an easy reminder as to what’s possible when COVID-19 slammed the U.S. in March 2020.
The Federal Reserve issued a press release at 5 p.m. on a Sunday that month letting everyone know the coronavirus outbreak had disrupted economic activity. The federal funds rate was being reduced to a range of zero to…
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