3 mortgage rate mistakes borrowers should avoid this March
#mortgage rates #borrowers #March #lenders #adjustable-rate mortgages #credit score #interest rates
📌 Key Takeaways
- Borrowers should avoid waiting for lower rates as they may not materialize soon.
- Failing to shop around for lenders can lead to missing better mortgage deals.
- Overlooking adjustable-rate mortgages (ARMs) may cause borrowers to miss short-term savings.
- Ignoring credit score improvements can result in higher interest rates than necessary.
📖 Full Retelling
With the mortgage interest rate climate in flux, borrowers should know which costly mistakes to avoid this month.
🏷️ Themes
Mortgage Advice, Financial Planning
📚 Related People & Topics
March
Third month in the Julian and Gregorian calendars
March is the third month of the year in both the Julian and Gregorian calendars. Its length is 31 days. In the Northern Hemisphere, the meteorological beginning of spring occurs on the first day of March.
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Original Source
MoneyWatch: Managing Your Money 3 mortgage rate mistakes borrowers should avoid this March We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson March 5, 2026 / 12:55 PM EST / CBS News Add CBS News on Google The mortgage interest rate climate is always a tricky one to successfully navigate, but especially so this decade. Interest rates here were hovering near record lows at this point in 2020 … but then they were near their highest level in decades in 2023 … and then they declined again both in 2024 and 2025. Currently, mortgage rates are around their lowest level in multiple years , with the anticipation being that they will decline further as the year progresses and market conditions evolve. But that's not a guarantee and, as borrowers have learned all too well in recent years, it's important to take advantage of lower mortgage rates if and when they do become available. To better do so this March, it helps if borrowers know which moves to make and which costly mistakes to specifically avoid. This is not always clear or easy to understand, but this month, there are three specific mortgage rate mistakes many borrowers would benefit from avoiding. Below, we'll break down what to know before getting started with a lender now. Start by seeing how low your current mortgage rate offers are here . 3 mortgage rate mistakes borrowers should avoid this March To better position themselves for financial success, borrowers should be careful to avoid these three costly mortgage rate mistakes this month: Assume a Fed rate cut is imminent Following three interest rate cuts in the last four Federal Reserve mee...
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