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