As The Mortgage Market Get More Volatile Spread Between Jumbo And Conforming Loans Extends

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In: Mortgage News

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Freddie Mac’s latest weekly survey showed 30-year fixed-rate mortgages fell 4 basis points to 6.66% last week after rising 40 basis points last week. This reflects the volatility caused by continued economic uncertainty. However, this week, as the gaps betweenContinue Reading

Even While Refinance And ARMs Decreased - Jumbo Loan Demand Rise

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In: Refinance News

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According to the findings of a market report by fintech company, Maxex, since the start of 2021, refinance mortgages have declined steadily and the share of adjustable-rate mortgages has dropped for the first time in five months. The Atlanta-based firmContinue Reading

Right Time For Jumbo Loan Says UMW Chief

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In: Mortgage News

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According to industry research group Inside Mortgage Finance in 2020 UWM, was the country’s fourth-biggest mortgage lender and now they are the 2nd biggest wholesale lender. Mat Ishbia, the president and CEO of UWM is the man behind the success. Continue Reading

Prime Jumbo A New Product Released By UWM

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In: New Home Mortgage News

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Last updated on December 5th, 2022 at 10:05 pmUnited Wholesale Mortgage, The Pontiac, Michigan-based wholesale lender, released a new jumbo product on Wednesday that goes up to $2 million, with a loan-to-value ratio of up to 89.99%. They had discontinuedContinue Reading

Introduction Of New Jumbo Loan That Goes Up To $2M For Brokers By Rocket Mortgage

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In: New Home Mortgage News

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An opportunity for self-employed borrowers who are frustrated by the lack of mortgage options and could not take advantage of the low rates because of numerous red tape, and limited jumbo products, a new jumbo mortgage is offered by RocketContinue Reading

Mortgage Rate Falls To New Record Low For 30-Year Jumbo Loan

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:54 pmA new record low in Bankrate’s weekly survey showed the average rate of a 30-year jumbo mortgage fell to 3.44% this week. That makes jumbo, or non-conforming loans cheaper than ever if you wantContinue Reading