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Understanding The Difference Between the Federal and Mortgage Interest Rates

On Sunday, March 15, 2020, the federal government cut the federal interest rates down to zero percent. This is the second federal rate cut in response to the Coronavirus crisis. Mortgage rates are not directly tied to the federal interest rates. However, the mortgage interest rates will be affected by moves that investors make and other factors.

Federal Rates Cuts and Other Economic Stimulation Activity

The government is fearful that the economy will fall into a deep recession if they don't make moves to stimulate it. That's why they lowered the federal interest rates to zero. There is more economic stimulation legislation that should help during this COVID-19 crisis, as well.

Bonds and Other Safe Assets

Many investors have been buying bonds and other safe assets as a result of the federal interest rates cut. The 10-year Treasury note has been pushed to new lows. 

Quantitative Easing Program

The government has also initiated a $700 billion program to help ease some of the economic hardship that Americans are facing. Part of this program, the federal government's Coronavirus Aid, Relief and Economic Security (CARES) Act, states that all adults will receive $1,200 and an additional $500 for each child. They are currently finalizing the details on how to distribute this money to the American people. 

Emergency Lending

They have also cut emergency lending rates to .25 and have extended loan terms to 90 days. This will help in an emergency.

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How To Disinfect And Keep Your Home Clean During The Coronavirus Outbreak

Understanding How The Virus Spreads

When illness threatens the general population, there is a lot of fear. However, by understanding how the virus works and spreads, you can prepare in an effective way and stem the panic. Coronavirus acts similarly to SARS and MERS.

It is spread through respiratory droplets. This can be transferred via spit and sweat. It has been suggested that the virus can remain on surfaces that the infected touch. It is, as of yet, unknown how long the virus can live on a surface. The general estimate is from a few hours to a few days.

The best way to avoid catching Coronavirus is to avoid people. Whether through coughing, sneezing, touching sweat, kissing, or touching an infected surface, you can receive the virus.

In order to stay protected at home, you’ll want to disinfect the area and kill the virus. Here’s how.

1. Clean First

Cleaning is different from disinfecting. When you want to clean, you’re basically getting rid of dust, dirt, and dead skin cells. Anything that rests on a surface is essentially something that can be cleaned. Disinfecting means you are using cleaners to kill germs and bacteria.

Before you can disinfect, you should clean the house.

Take a wet cloth and dust the area that you intend to disinfect. A wet cloth will collect dust better than a dry cloth. It will also help prevent the dust from simply flying off the surface to settle elsewhere.

You’ll also want to sweep hard floors like wood, tile, and vinyl.

Finally, carpets should be thoroughly vacuumed. You may even consider deep-cleaning them with a carpet cleaner.

2. Disinfecting Hard Surfaces

When it comes to disinfecting, the first step is to wear disposable gloves. You’re going to be working...