Remember when 3% mortgage rates seemed low? Last week, Freddie Mac reported a new record low average for the 30-year fixed rate mortgage: 2.88%. United Wholesale Mortgage now wants to take rates even lower—nearly a full percentage point below Freddie Mac’s all-time low, according to reports on HousingWire and Motley Fool. UWM is touting a loan program that allows borrowers to lock in rates as low as 1.99% for both home purchases and refinances.

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