Mortgage Rates Slightly Higher Ahead of Jobs Report

Mortgage rates rose modestly on Thursday, with multiple lenders making mid-day adjustments in response to bond market volatility. Bonds remain highly attuned to war-related developments and the impact on oil prices which, in turn, have a bearing on inflation implications.  Higher inflation begets higher interest rates, all else equal. In addition to the oil/inflation narrative, […]

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Better’s new CEO pledges enterprise focus after another loss

Better’s new boss is promoting the lender’s shift toward an enterprise strategy, a plan which could see it also expand into the wholesale space.  Processing Content Interim CEO Daniel Lewis led his first earnings call Thursday afternoon, just days after founder and ex-CEO Vishal Garg agreed to transition to the board of directors. He inherits

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Rocket Cos. records most profitable quarter in four years

As measured across all channels, Rocket Cos. regained the No. 1 spot among mortgage originators, with profits up strongly year-over-year in the second quarter. Processing Content In one of the toughest spring housing markets because of diminished affordability and rising rates, Rocket thrived, gaining market share in both purchase and refinance, Varun Krishna, CEO, said

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