In 2023, broker-assisted loans averaged 115 basis points upfront for a 6.58% mortgage rate, versus 148 basis points and a 6.6% rate for retail lenders, according to the study.

Mortgage demand to buy a home and to refinance a loan dropped, despite falling interest rates. Weak consumer confidence is the culprit.

The 15-year fixed rate averaged 5.89%, 3 basis points lower than last week. The Mortgage Bankers Association reported an 11% mortgage application increase compared with one week ago.

The 15-year fixed rate averaged 5.89%, 3 basis points lower than last week. The Mortgage Bankers Association reported an 11% mortgage application increase compared with one week ago.

Shopping for a mortgage is complicated and time consuming. You have lots of choices when it comes to financing a home, from loan programs, a span of interest rates and price options. You should be ...

United Wholesale Mortgage, established in 1986 in Michigan, claimed position four with $1.35 billion. The top New Jersey-based company on the list, NJ Lenders Corp. of Little Falls, held position ...

Cons: Broker fees: Most brokers charge broker fees, which can increase the cost of your loan. While fees vary by broker, anywhere between 0.50% to 2.75% of your loan principal is fairly common.