Economic impact of the Coronavirus
Next week brings us the release of a good number of economic reports that traditionally influence mortgage rates, including a couple of extremely important releases. More importantly, those highly relevant releases will cover March, giving us insight into how bad the early stages of the coronavirus shutdown were affecting the economy. Over the past couple of weeks, the markets have ignored the monthly and quarterly reports because they covered periods that predated the full-blown virus reaction in the U.S. The upcoming reports will start to reflect how bad the economy is being hit during the crisis.