"May 6, 2026" Archives

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UWM rolls out 1-0 buydowns, expands into home equity lending

United Wholesale Mortgage (UWM) is rolling out free 1-0 temporary rate buydowns on purchase loans alongside a new suite of home equity products aimed at helping brokers retain borrowers. Effective immediately, the lender will cover the cost of 1-0 buydowns on both conventional and government purchase mortgages, issuing a credit to fully offset the expense….

Mortgage applications fall 4.4% as 30-year rate hits 6.45%

Mortgage applications decreased 4.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending May 1, 2026. On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index decreased 5% from the previous week and was 29% higher than…

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