Closing costs Fixed-rate mortgage Marketing Seller concession 
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 temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account. Presented by: Flagstar.
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Housing Wire
SEPTEMBER 16, 2022
For Rocket Pro TPO, home sellers or real estate agents will be funding the program, similar to a buydown program rival United Wholesale Mortgage launched last month. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.
HomeLight
MAY 31, 2022
In recent years, we’ve experienced a seller’s market – and many homeowners have been eager to take advantage of the situation. 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.
HomeLight
AUGUST 25, 2020
“Or perhaps it is just a seller’s market and selling makes sense, even after a short time.”. Real estate isn’t a get-quick-rich scheme: Although there are some hot markets that might see quick appreciation, in most cases the value rises slowly over a period of years. This type of appreciation is governed by forces in the market.
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