Matt Isbia CEO of UWM talks about Inflation and Broker Market Share

This is one of his best Wednesday afternoon Updates

The two points you should take away from this video are:

#1 When you hear news of a federal funds increase, that does not affect 1st mortgage rates directly, that affects home equity line rates directly. Mortgage rates are more tied to inflation and the consumer price index.

#2 As of right now, the broker channel in the United States is handling 22.5% of mortgage business. This is the highest percentage since 2009


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