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As rate hikes loom, UWM rolls out jumbo ARMs


United Wholesale Mortgage rolled out prime jumbo adjustable-rate mortgage (ARMs) products on Wednesday, signaling that demand for ARMs is growing inside of the broker community.

According to the top-ranked wholesale lender, their prime jumbo ARMs will allow brokers to offer “competitive pricing” on five-, seven- and 10-year adjustable-rate mortgages.

“Independent mortgage brokers now have a competitive option for those borrowers who are likely to move or refinance within a few years,” the Pontiac, Michigan-based lender in a statement Wednesday.

UWM added that this product will be beneficial to those who “may be looking for a lower rate on primary, second or details ⇒

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