Overnight, the fed cut rates from 1.0% to zero and has announced a $700 million liquidity program which will see it buying Treasuries and mortgage assets in an effort to reassure investors.As I write, investors seem anything but reassured.

Many were hopeful IRS would have made an announcement regarding filing due date relief, but it's understandable the Coronavirus is testing emergency plans of every business, including IRS.Generally, no taxes were due yesterday since income/losses from partnership and s-corp returns passthrough to individuals.

Tulsa announcement regarding evictions:

Here's the link to the announcement. 

@James Mc ReeThe perception that rates are low from the Feds announcement is driving demand for refis even though mortgage rates are rising.

We're just beginning... big companies in service and hospitality industries are announcing furloughs. 

We'll have to wait and see what the final announcement from Treasury and the IRS say.

I was hoping for low threes in a zero FED rate environmentThe Fed announced an emergency rate cut, mortgage rate could be lower, right?

Columbus City Council just announced yesterday they will be setting aside $1M in Emergency Support for Food Access and Housing Issues, though no information yet on how someone applies for it. $1M also doesn't seem like enough since the need is going to be extensive, but at least it's a start ... ??

@Andy Mirza - The reality is most of the courts are closed anyways and/or working from home.So whether they announced a moratorium or not it is going to happen.