US mortgage rates at all-time lows; 30-year loan at 3.23%
WASHINGTON (AP) — Long-term mortgage rates tumbled to all-time lows this week as the economy and housing market continued to reel from the business and social shutdown spurred by the coronavirus pandemic.The average rate on the benchmark 30-year home loan fell to...
US consumer spending plunges record 7.5%, reflecting virus
WASHINGTON (AP) — U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders.The Commerce Department said that the spending decline was the sharpest monthly drop on records...
California governor orders Orange County beaches to close
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom closed beaches in Orange County on Thursday, overriding some local officials who had rejected his pleas to limit access as the coronavirurs continues to spread throughout the state.A memo to the state’s...
Trump says US can never declare ‘total victory’ over virus
WASHINGTON (AP) — President Donald Trump said Thursday that he believes the U.S. can never declare “total victory” over the coronavirus because too many people have died. But he added that he will count it a win when the virus is gone and the economy fully...