RocketPro's Niemiec: UWM Trying to 'Destroy' Broker Model Austin Niemiec, Executive Vice President at RocketPro TPO, says United Wholesale Mortgage is trying to destroy the broker model it claims to support. He also asserts that UWM is trying to upend the free-market system as it relates to mortgage brokers, eliminating much of the value mortgage brokers bring to their home buying clients. 

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Mortgage Rates Climb Above 6% for First Time Since 2008

Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN.

arrow 2790272 640The average on the 30-year fixed-rate mortgage in the week ending September 15, rose 13 basis points to 6.02%, according to Freddie Mac.

That’s up from 2.86% at the same time last year, and it’s the highest level since fall 2008.

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