Inventories at U.S. wholesalers rose less than forecast in June as companies kept stockpiles in line with slowing demand. The 0.1 percent increase in the value of inventories followed a 0.5 percent gain the prior month, the Commerce Department said today in Washington. Sales at distributors dropped 0.7 percent, the most since March 2009, after a 0.5 percent decrease.
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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