The public response to Michigan’s Hardest Hit Fund program launch was more subdued on Tuesday. Call volumes were a fraction of the tens of thousands of calls received Monday that crashed the Michigan State Housing Development Authority’s phone system, said Mary Townley, director of the housing authority’s homeownership division. There were no official tallies, she said.
Most Popular Articles
The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content
In this week’s column, HousingWire Columnist Logan Mohtashami responds to presidential candidate Mike Bloomberg’s comments on the financial crisis, providing his own view on how the market crashed and how to keep it from ever happening again.