U.S. stock futures bounce Wednesday after concerns about the unprecedented oil collapse wiped more than 1,200 points off the Dow this week.
per share in its first quarter on revenue of $8.59 billion, reflecting the carnage in the airline industry as demand for travel dried up due to the virus. Delta sees its daily cash burn moderating. The airline also expects $5.4 billion in government support. Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a five-year low.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances was unchanged at 3.45%. Thursday on the $484 billion coronavirus relief package that unanimously passed the Senate on Tuesday evening. The measure injects another $310 billion into a key loan fund designed to keep employees on small company payrolls. It also includes $75 billion in hospital aid and $25 billion for virus testing.
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