Homebuyer demand had mortgage lenders incredibly busy over the summer, but that may have now peaked. Mortgage applications to purchase a home were essentially flat last week, after falling for four straight weeks before.
Commercial real estate prices have plunged this year as people stopped going into offices, and retail businesses were disrupted. That could lead to a significant losses for banks, according to a recent report.
Companies controlled by one of New York's most prominent hotel developers received millions of dollars in loans from a government program intended to support small businesses as the coronavirus hammered the economy.
The coronavirus pandemic has bolstered corporate interest in redesigning work space to simulate nature, have better air filtration systems and use more sustainable materials, according to some office designers.
InterContinental Hotels Group, Marriott and Accor are among the major names that have launched or are considering monthly payment plans, as the hotel industry tries to attract restless remote workers ready for a change of scene.
"Regardless of credit, it's still worthwhile looking into refinancing as an exercise to save money over time," said Lauren Anastasio, a certified financial planner at SoFi, an online personal finance company.