Sinking Mortgage Rates Prompt Lenders to Add Resources, Inflate Advertised Rates

March 9, 2020

Bankrate.com, Mar. 9, 2020–Natalie Campisi
The coronavirus outbreak has touched off a mortgage-rate downslide, sending rates into the 3s and 2s, which triggered a deluge of eager borrowers to refinance or get a new home loan. This has meant major business for mortgage lenders, who are struggling to keep up.
https://www.bankrate.com/mortgages/sinking-mortgage-rates-prompt-lenders-to-add-resources/