In a last-minute move, the U.S. Centers for Disease Control and Prevention issued a new extension of an eviction moratorium that had recently expired. The new extension will last until October 3. Announced on Tuesday, the extension will temporarily halt evictions in counties with “substantial and high levels” of virus transmissions, which currently covers about 90 percent of the U.S. population.
A recent surge in coronavirus cases across the nation has prompted calls from lawmakers on the President Biden to encourage extending the moratorium ban. The Biden Administration had let the last moratorium expire after a Supreme Court ruling prevented an extension without Congressional backing. However, the president has noted that even if the extension is challenged in court it will provide “some additional time” for states and cities to release billions of dollars in federal relief to renters.
Today, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.00 percent.
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