Virus-impacted borrowers missing out on today’s record-low rates

Rates for a 30-year fixed mortgage just fell to all-time lows.
But some COVID-impacted borrowers won’t be able to take advantage of today’s historically low interest rates because they haven’t made all of their mortgage payments on time.
The Cares Act allows conventional, FHA and VA mortgage holders who are suffering financially from the coronavirus pandemic to forgo their payments for up to 12 months without penalty or damage to their credit — a feature called forbearanc