Housing Wire
AUGUST 17, 2022
United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Staying nimble in a fast-paced market with the right mortgage technology.
Housing Wire
NOVEMBER 16, 2022
The Pontiac, Michigan-based lender now has an option for borrowers to reduce their rates by 3% during the first year of the loan, compared to the maximum 2% previously offered. UWM is also launching a lender-paid version as an alternative to the sellers-paid product, the company announced on Wednesday. Presented by: Flagstar.
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Housing Wire
OCTOBER 27, 2022
Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. A year ago at this time, rates averaged 3.14%. United Wholesale Mortgage (UWM) launched the product in August.
Housing Wire
AUGUST 25, 2022
But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Homepoint is in a tough spot. We’re not afraid to get smaller as an organization.”
HomeLight
MAY 31, 2022
During the pandemic years, plunging interest rates were counter-balanced by rising home sales. Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Answering this question requires more than subtracting your remaining mortgage loan balance from the sales price. Net proceeds.
HomeLight
APRIL 11, 2023
Across the state, the market is shifting from a hot seller’s market to a more stable, but still seller’s market. Across the state, the market is shifting from a hot seller’s market to a more stable, but still seller’s market. But even with this trend, markets are highly local, and now is a good time for buyers to jump in.
Realty Biz
MAY 20, 2021
Record-low mortgage rates have hovered below 3% for a 30-year fixed-rate mortgage since October 2020, which is good for buyers. But some experts warn these low rates won’t last , and mortgage rates will rise as the economy heats up and more people get back to work. by the end of 2021. .
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