Rocket launches program to lower first-year mortgage payments
Housing Wire
SEPTEMBER 16, 2022
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. billion during that same period and the gain-on-sale margin also fell to 2.92% from 3.01%. in the first year of their loan, Rocket said.
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