United Wholesale Mortgage (UWM) is now offering a 90 basis-point incentive for rate-and-term refinances. This discount comes as many market participants anticipate a rate cut from the Federal Reserve, which should prompt borrowers to seek ways to reduce their mortgage payments.

UWM’s offering, announced on Wednesday, is available for newly locked loans through Sept. 16 on conventional, jumbo, Federal Housing Administration (FHA) and U.S. Department of Agriculture rate-and-term refinances. It also includes FHA Streamline products, as well as IRRRLs and Type 1 cash-out loans through the U.S. Department of Veterans Affairs.

The incentive aims to equip mortgage brokers “with details ⇒

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