Lenders Are Deluged With Refinance Requests as Coronavirus Sends Rates Lower

Wall Street Journal, Mar. 16, 2020– Orla McCaffrey, Julia Carpenter, Ben Eisen
Record low mortgage rates are delivering more refinancing demand than some lenders can handle. Homeowners are rushing to refinance their mortgages thanks to big falls in interest rates prompted by fears of the spreading coronavirus. Some lenders are having trouble keeping up with the red-hot demand.