Mortgage rate drops |
Spring has arrived and with it comes a significant drop in mortgage interest rates.
Over the last few months, when I’ve chatted with clients who are renewing or planning to buy in the spring market, I have said in almost every conversation that by mid-March rate wars tend to start.
Regardless of what is happening in the interest rate environment as a whole, it seems by the third week of March lenders start sharpening their pencils.
Over the last two weeks, I started to see lender bulletins trickle in advertising quick-close rate specials (ie: for mortgages finalizing within 60 days) and rate........