March Mortgage Market Update
I am pleased to announce that our Washington State mortgage broker license is now officially active. We are fully prepared to provide professional mortgage solutions and services for primary residence purchases in Washington.
Influenced by various economic factors, mortgage rates have trended upward throughout March, reaching an 8-month high. While this has cooled the demand for refinances, purchase demand remains resilient. The current market environment is increasingly buyer-friendly, and many first-time homebuyers are actively taking advantage of this window of opportunity to enter the market.
I am pleased to announce that our Washington State mortgage broker license is now officially active. We are fully prepared to provide professional mortgage solutions and services for primary residence purchases in Washington.
Influenced by various economic factors, mortgage rates have trended upward throughout March, reaching an 8-month high. While this has cooled the demand for refinances, purchase demand remains resilient. The current market environment is increasingly buyer-friendly, and many first-time homebuyers are actively taking advantage of this window of opportunity to enter the market.
Spring Limited-Time Offers (Locks from 3/4 – 4/30)
We are excited to share two new UWM incentives designed to provide significant savings:
Purchase Perk: Receive up to a $600 Appraisal Credit on most QM purchase loans.
Refinance Incentive: Clients with a 680+ credit score can benefit from a 75 bps pricing credit, available on conventional, FHA, and VA refinances.
OWN MY HOME SOONER
Many clients often ask: "What impact does making extra mortgage payments have on my loan?"
It is a common misconception that this information is difficult to access. Most loan servicing platforms feature built-in calculators that visualize the long-term benefits of extra payments. For instance, if your loan is serviced by UWM, you can simply log into your mortgage payment dashboard then click "My Home". By inputting different additional payment amounts—whether monthly recurring or a one-time lump sum—the system automatically calculates how much interest you will save and how many years you can shave off your loan term. This tool allows you to clearly evaluate the long-term financial impact of your extra payments.
