Author Topic: Coronavirus - USA Stimulus Bill - Discussion - What is it?  (Read 888 times)

Ron

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Would like to know details of exactly what is in this for individuals, small businesses that need it...





The U.S. Senate agreed to a massive $2 trillion economic stimulus package on Wednesday morning, following five days of negotiations and two failed votes, as the country continues to grapple with the fallout of coronavirus, which has infected over 46,000 Americans and ravaged markets as the economy ground to a halt.

The agreement is believed to be the biggest economic rescue package in modern American history, with both chambers expected to pass the legislation later in the day.
Full details of the legislation are yet to be published, but it is expected to deliver emergency loans to small businesses, provide financial support to workers laid off because of the pandemic, and provide support for hospitals and medical professionals short on equipment.

https://www.forbes.com/sites/lisettevoytko/2020/03/25/senate-passes-stimulus-bill-amid-economic-fallout-from-coronavirus/#424d02845aae


tres_taco_combo

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #1 on: March 25, 2020, 10:58:51 AM »
from a mortgage guy

they pumping tons of money into the markets creating liquidity so lending will continue which is a good thing!  they buying MBS debt like its going out of style - thank you for throwing the kitchen sink at this thing  ;D

guys - look to refinance your home loan soon... right now its a little messy but in a few months take the cheap money

SOMEPARTS

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #2 on: March 25, 2020, 01:28:29 PM »
An end to a means.

Irongrip400

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #3 on: March 25, 2020, 03:20:56 PM »
from a mortgage guy

they pumping tons of money into the markets creating liquidity so lending will continue which is a good thing!  they buying MBS debt like its going out of style - thank you for throwing the kitchen sink at this thing  ;D

guys - look to refinance your home loan soon... right now its a little messy but in a few months take the cheap money

I’m already at 2.875% on a 15 year note I did about 3-4 years ago. Will it get cheaper than that?

AbrahamG

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #4 on: March 25, 2020, 03:50:36 PM »
I’m already at 2.875% on a 15 year note I did about 3-4 years ago. Will it get cheaper than that?

I'm @ 2.5 on a ten year loan and probably only have 5-6 years left.  I don't wish for the housing market to crash but if it does, I'm pouncing this time. 

Grape Ape

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #5 on: March 25, 2020, 04:38:53 PM »
I’m already at 2.875% on a 15 year note I did about 3-4 years ago. Will it get cheaper than that?

30 years were in the low 3s recently.  I was going to get into a refi but I think they may have moved up a bit.
Y

visualizeperfection

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #6 on: March 25, 2020, 04:40:19 PM »
What is a mortgage? Asking for a getbigger.

Irongrip400

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #7 on: March 25, 2020, 04:42:53 PM »
I'm @ 2.5 on a ten year loan and probably only have 5-6 years left.  I don't wish for the housing market to crash but if it does, I'm pouncing this time. 

You always got to one up me, don’t you?  :D

AbrahamG

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Re: Coronavirus - USA Stimulus Bill - Discussion - What is it?
« Reply #8 on: March 25, 2020, 04:44:56 PM »
You always got to one up me, don’t you?  :D

Apologies if it seems that way.  Nothing more irritating the a "topper".   ;D