UWM sells MSRs, invests in origination to prep for a refi wave
UWM Holdings Corp. strategically sells high-coupon MSRs to invest in origination business, differing from competitors who acquire servicing assets at higher rates for refinance opportunities. [ more ]
Mortgage applications dropped as rates moved higher last week: MBA
Mortgage applications fell by 2.6% due to rising rates, with purchase applications declining 3% weekly and 12% yearly, while refinance applications were down 2% weekly but up 29% yearly.
Mortgage rates for 30-year conventional loans rose to 7.12%, and for 15-year conventional loans to 6.96%, with a forecast for potential rate cuts from the Fed despite rates exceeding 7%. [ more ]
Refi business is picking up on falling mortgage rates
Mortgage applications surged by 15.6% from the previous week, driven by a strong increase in both refinance and purchase activities amidst lower mortgage rates. [ more ]
Mortgage applications dropped as rates moved higher last week: MBA
Mortgage applications fell by 2.6% due to rising rates, with purchase applications declining 3% weekly and 12% yearly, while refinance applications were down 2% weekly but up 29% yearly.
Mortgage rates for 30-year conventional loans rose to 7.12%, and for 15-year conventional loans to 6.96%, with a forecast for potential rate cuts from the Fed despite rates exceeding 7%. [ more ]
Refi business is picking up on falling mortgage rates
Mortgage applications surged by 15.6% from the previous week, driven by a strong increase in both refinance and purchase activities amidst lower mortgage rates. [ more ]