United Wholesale Mortgage Nets Record Purchase Loan Originations
Q2 numbers show the lender brought in $59.2 billion in loans between April-June
Q2 numbers show the lender brought in $59.2 billion in loans between April-June
Following weeks of decline, all the majors took a turn, with some rates surpassing 3 percent
Some 43,500 positions have been added in a single year
Numerous benchmark rates were down, continuing numerous week’s of downward trends
The lender saw a $2 billion increase quarter-over-quarter, thanks in large part to refis
While there was some minor fluctuation, all signs point to it generally be a good time to get a mortgage.
Of note, 15 year loans hit an all-time low
The lenders are expected to pass cost savings along to borrowers
Both purchase and refinance applications saw double-digit gains since the Fourth of July holiday weekend
The American Enterprise Institute found that more than 15 percent of FHA mortgages were delinquent or at risk of default
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