CDC Will Extend National Eviction Ban Through June 30

Likely informing the health agency’s decision to extend the ban for three months is the fact that mass evictions could undermine the country’s attempts to get the coronavirus pandemic under control. That’s because many displaced people double up with family members or friends or are forced to turn to crowded shelters.

The Federal Reserve recently voted to keep its benchmark interest rate near zero and at historic lows as the economy continues to recover from the COVID-19 pandemic. The Fed went on further to indicate that they won’t likely raise interest rates until 2023—at the earliest.

As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned.

The legislation, which would cancel rent until April 2022, would establish a relief fund for landlords and mortgage holders to cover losses from canceled payments and create an optional buyout fund to finance the purchase of private rental properties by nonprofit groups, state and local governments, and other organizations.

Construction on new homes weakened in February as material costs—notably on lumber—continued to challenge growth in new-home construction.