All-time-low mortgage rates set off a flurry of borrowing

Homeowners and would-be homebuyers have found today’s deeply cheap mortgage rates impossible to resist and have stepped up their borrowing, a lenders trade group says.

Rates have been dropping from one record low to another — in multiple surveys — as part of the financial fallout from America’s worsening coronavirus epidemic. The numbers of cases and deaths have been rising in multiple states, causing investors to worry that it’ll take a long time for the U.S. economy to get back on its feet.

As a result, mortgage rates that are lower than ever are allowing both new borrowers and refinancers to score loans offering huge monthly and lifetime interest savings.

Mortgage demand pipes up / Shutterstock
Mortgage applications increased last week.

Overall mortgage applications rose 2.2% in the week ending July 3, the Mortgage Bankers Association, or MBA, said Wednesday.

Mortgage demand increased last week as rates on

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5 Stocks Set to Rally

The coronavirus-led lockdown fueled a number of trends, one of those being the rapid shift to online shopping as brick-and-mortar stores remained shut during lockdowns.

Staying Indoors Boosts Online Shopping

The coronavirus pandemic compelled many retailers to shut down stores through March, April and May, driving the crowd to online platforms. Even though the economy is reopening, consumers continue to shop through online retail channels. This is because the lockdown measures may be easing but signs of resurgence of coronavirus and unavailability of a proper vaccine have been keeping people at home.

Moreover, e-commerce offers a lot many advantages over traditional retail. All items, from grocery, home furnishing to exotic meals, can be delivered to one’s doorstep. In fact, online channels offer greater convenience during thepandemic. Consumers do not need to worry about social distancing and avoid hassles like wearing a mask,which has been made a compulsion in brick-and-mortar stores.

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Broadway closed until 2021; high price set for promising drug; Fauci optimistic of vaccine by year’s end

Broadway stages will remain dark through 2020 amid a national boom in coronavirus cases, but the nation’s leading infectious diseases expert remains “cautiously optimistic” that a vaccine could be widely available by year’s end.

And a drug company’s steep price for remdesivir, a drug that has proved to shorten recovery times for severe COVID-19 patients by about 31%, is drawing criticism.

Nashville, Tennessee, is requiring masks as of Monday. San Francisco Mayor London Breed halted its plans for businesses that were scheduled to reopen Monday. In Arizona, the mayor of one town said he has no plans to cancel a slew of upcoming summer events or require masks despite a boom in cases in his state.

“It is somewhat alarming how many expect and almost invite a more drastic infringement on their freedoms,” Eagar Mayor Bryce Hamblin said in a statement. “My response from the onset of COVID-19 pandemic has

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why Republicans are set for Florida convention amid pandemic

<span>Photograph: Robyn Beck/AFP/Getty Images</span>
Photograph: Robyn Beck/AFP/Getty Images

Every four years, Democrats and Republicans stage their national conventions, huge primetime events at which presidential nominations are formally bestowed amid cascades of balloons, in front of cheering crowds.

On 20 August, a little more than two months before election day, Joe Biden will duly accept the Democratic nomination in Milwaukee, Wisconsin. A week later, Donald Trump will be crowned by Republicans in Jacksonville, Florida.

Related: Trump mocks ‘basement’ strategy but prudent approach pays off for Biden

Thanks to the coronavirus pandemic, almost everything else will not proceed as usual. But the two parties will follow radically different paths.

This week, as the US death toll passed 124,000 and cases surged in many states, Democrats announced a slimmed-down convention, mostly online and with physical events staged under guidance from public health experts. Biden’s speech, for example, has been moved to a smaller venue.

Republicans have also

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Start a successful e-commerce business with this set of online classes

Start a successful e-commerce business with this set of online classes
Start a successful e-commerce business with this set of online classes

TL;DR: The Ultimate Shopify and Ecommerce Expert bundle is on sale for £31.18 as of June 26, saving you 97% on list price.

The e-commerce industry has taken off over the past few years, with dedicated platforms like Shopify and Etsy making it easier than ever for people to produce knitwear for dogs and sell it online.

On top of that, industry giants like Amazon, ebay, and Alibaba have adjusted their businesses to allow individual sellers access to their sites, even offering to handle all shipping and customer service needs in exchange for a listing fee.

SEE ALSO: This bundle helps you start a successful dropshipping business

The end result: People are shopping online like crazy. Literally anyone can sell things online and earn a passive income, you just need to know how to do it. Check out the

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