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![A historic drop in mortgage rates has millions of homeowners refinancing to save money. It's helping home sales, but it's not helping the broader economy as much as it would in a normal recession.](https://woub.org/wp-content/uploads/2020/07/ap_20198597584060-f82ad47088cb7796c3ac4776e209037bbe595c9b-scaled-e1595369097714-900x422.jpg)
Record Low Mortgage Rates Put More Cash In Pockets, But May Not Boost Economy Much
By: Chris Arnold | NPR
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A historic drop in rates has millions of homeowners refinancing to save money. It’s helping home sales, but it’s not helping the broader economy as much as it would in a normal recession.
![A "for sale" sign is seen in front of a home in Miami on Jan. 24, 2018. The partial shutdown of the federal government is causing some financial problems for furloughed workers who can't refinance their mortgages or buy homes because lenders can't verify their income.](https://woub.org/wp-content/uploads/2019/01/gettyimages-909808014-f566b380a47907c4e436d23ff972e7f4f9f49ec8-e1547226640571-900x422.jpg)
Some Mortgage Deals Are In Limbo As Government Shutdown Drags On
By: Yuki Noguchi | NPR
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Furloughed workers can’t refinance or buy homes without the ability to verify their income. For a recently divorced couple, it means continuing to live together until financial issues are resolved.