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UWM’s Exact Rate Lets Borrowers Choose Exact Mortgage Rates

The mortgage industry can be a little bit old school. Similar to how the stock market used to operate in sixteenths, and later eighths, mortgage rates are mostly offered in eighths. Before 2001, the stock market only allowed price movements as small as one-sixteenths, an archaic method that gave way to the introduction of decimals. [&hellip
Source: Mortgage