After its ride on the meme stock rollercoaster and the resignation of its CEO, Opendoor has indicated it is ready to start a new chapter, one that will ideally bring it back to profitability, but activist retail investors are asking that they get a say in the firm’s next moves. Opendoor’s eventful summer began in […]
Is Opendoor the next meme stock revival story or fool’s gold? Read More »
Buyers are pulling out of purchase contracts at an alarming rate — reaching an eight-year high in July. HousingWire spoke to several lenders about how they are tackling the problem on the front end to prevent contracts from going south. Experts say the surge in collapsed deals stems from soaring home prices, steep borrowing costs
What mortgage lenders are doing to limit contract cancellations Read More »
It was a very slow and steady week for mortgage rates. On all 5 days, the average top tier 30yr fixed rate moved by 0.02% or less. This is a small enough change that the average borrower wouldn’t see any detectable difference in a loan quote from one day to the next. But due to
Rates End Week at Best Levels; Next Week Could be Huge Read More »