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Mortgage rate locks fell 9% in August, Optimal Blue reports

Mortgage activity weakened in August even as mortgage rates stabilized, with total rate-lock volume falling 9% from July and 3% from a year earlier, according to Optimal Blue’s August 2026 Market Advantage report released Tuesday. Purchase lock volume declined 10% month over month but remained 6% above August 2025 levels. Purchase loans accounted for nearly

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Opendoor expands mortgage offerings as home loans arm exits beta

Opendoor Home Loans has exited beta mode and is now offering a full menu of fixed- and adjustable-rate mortgages (ARMs) to buyers in markets where the company is licensed, it announced Friday. The San Francisco-based real estate company said its mortgage unit now provides 30-, 20- and 15-year fixed-rate loans, along with 5/6, 7/6 and

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