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The Daily Money 7-8-20


Happy hump day, Daily Money readers. It's Brett Molina with the latest Money and Tech headlines Wednesday.

Did your stimulus payment come in the form of a prepaid debit card? You may want to hang on to it, even if you've already used the money. If Congress approves a second round of Economic Impact Payments, it's possible those cards could help get you cash more quickly. It's among the many questions and pitfalls surrounding payments as the government considers a second stimulus.

Finding a cheap mortgage could all depend on your zip code. A report from home-financing startup Haus found metropolitan areas with a higher concentration of banks tend to offer lower mortgage rates. So which areas had the lowest rates?

  • Dubuque, Iowa
  • Springfield, Illinois
  • Lima, Ohio

Finally, rising drug prices have hammered the reputations of pharmaceutical industries. But the coronavirus pandemic and quest for a potential vaccine could allow these companies a chance to redeem themselves.

Scroll down for more news in Money and Tech.

Brett Molina, Money/Tech editor