Coronavirus live updates: Prince Charles tests positive, Target withdraws forecast
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 428,400
- Global deaths: At least 19,120
- US cases: At least 55,225
- US deaths: At least 802
The data above was compiled by Johns Hopkins University.
8:49 am: Weekly mortgage applications tank 29% as coronavirus sidelines homebuyers
An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Applications to refinance a home loan, which had been surging dramatically in the last month, fell 34% for the week but were still 195% higher than a year ago, when rates …continued .
[Source: CNBC News]