From going to the office to dining out, there's virtually no aspect of American life untouched by the coronavirus. That includes buying and selling a home.
Key parts of the home buying process typically have to be done in person, such as the recording of a title at a county courthouse or clerk's office. But that's proving to be difficult in some parts of the country.
Chase Bank says it has not had to alter the amount of time interest rates are locked in on mortgage applications, with loans typically closing within 45 days. But it says some delays in the process could happen. Interest rates for Wells Fargo customers looking to refinance were being locked in for 120 days before the coronavirus outbreak, Goyda says. But in the midst of the current crisis, that extended period is staying put.
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