With Mortgage Rates Stuck High, Can UWM Holdings Keep Taking Market Share?
The nation's largest lender keeps finding ways to grow.
With Mortgage Rates Stuck High, Can UWM Holdings Keep Taking Market Share?
Overview
Mortgage lenders have spent the past two years waiting for lower interest rates. So far, they've been disappointed.
The Federal Reserve has largely held rates steady, and mortgage rates remain elevated. Freddie Mac recently reported the average 30-year fixed mortgage rate at 6.48%, a level that continues to weigh on housing affordability and suppress refinancing activity.
Details
That's a difficult backdrop for most lenders. Yet UWM Holdings (NYSE: UWMC) continues to gain market share.
Source
Originally published at www.fool.com.
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