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. primary home purchases.
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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.
Housing Wire
OCTOBER 27, 2022
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory. A year ago at this time, rates averaged 3.14%. It may also be helpful to change the requirements of the down payment assistance programs, LOs say.
Housing Wire
AUGUST 25, 2022
Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.
Realty Biz
MAY 20, 2021
The phrase “record breaking” is everywhere at the moment, from major companies reporting record-breaking returns to market experts who predict a record-breaking post-pandemic economic boom. . Although the housing market took a record-breaking nosedive in 2020, there’s light on the horizon as the U.S. Mortgage rates are low … for now.
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.
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