$MBB $VMBS Mortgage Demand Falls

Mortgage applications are down, led by a dip in refinance requests. Experts suggest homeowners are holding back on refinancing because the rates on refi mortgages aren’t falling as sharply as

$SPY U.S. Second-quarter GDP Plunges 31.4%

The worst quarter ever for U.S. GDP was reported on September 30, 2020, due to the coronavirus and shutdowns to slow the spread of the outbreak.  Consumption completely collapsed which pulled