UWM is encouraging mortgage brokers to assist borrowers in refinancing by lowering interest rates and monthly payments. In Q1 2025, UWM's refinance originations were $10.6 billion, a decrease from $16.8 billion in Q4 2024 but double the previous year's $5.5 billion. Despite economic volatility, UWM is focused on sustainable value rather than short-term gains. The refinance index rose by 5% from the previous week and was significantly higher than the same week last year, as rates dropped for the third consecutive week, reaching 6.77% for 30-year fixed-rate loans.
The incentive aims to equip mortgage brokers with a competitive edge to help more borrowers refinance their home loans by lowering rates and monthly payments for eligible refinances. UWM's refinance originations totaled $10.6 billion in the first quarter of 2025, down from $16.8 billion in Q4 2024 but nearly double the $5.5 billion recorded in Q1 2024.
Our focus remains on building long-term, sustainable value not chasing short-term gains and we're confident in our ability to perform across all market conditions, even amid economic uncertainty and volatility.
The refinance index increased by 5% from the previous week and was 18% higher than the same week one year ago. Refinances increased to their strongest pace in four weeks as rates decreased for the third consecutive week.
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