"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."
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.
Read at www.housingwire.com
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