Fed holds rates near zero — here's what that means for you

The average 30-year fixed rate is now about 3.55%, the lowest since September 2016, according to Bankrate.

"Credit-worthy borrowers that have sufficient equity continue to be able to refinance," McBride said. Among this group, "refinancing activity is off the charts." However, some lenders have stopped offering certain refinancing options and jumbo mortgage programs, due to the new risk in the market from the"The intensity of the crisis means that loan availability is declining and thus the boost to the economy is muted," said Tendayi Kapfidze, chief economist at LendingTree, an online loan marketplace.There is help if you need it

For those riskier borrowers who have suffered an income disruption and need to access cash, now is the time to tap that rainy day fund, if you have one, McBride said, "If you have emergency savings, this is why you have it."

Wait a sec - this isn't an interracial couple. Y'all messed up.

Not a damn thing!

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