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UWMC Shares Plunge 7.58% Amid Mortgage Rate Decline
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:00 pm ET1min read
UWM Holdings (UWMC) shares rose by 1.95% today, marking a significant intraday decline of 7.58% and reaching its lowest level since March 2023.
UWM Holdings Corporation (UWMC) experienced a decline in its stock price due to investor sentiment being dampened by the news of falling mortgage rates following President Donald Trump’s tariff policies. The escalating trade war and fears of an economic slowdown could potentially slow down housing market activity, impacting UWMC’s business operations.
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