Tag Archives: Banking & Lending

Before the Fed sped up tapering, mortgage rates saw little change

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With mortgages likely getting more expensive for borrowers down the road, the rates for 30-year loans have been holding steady for weeks. Continue reading →

Zillow listings now link buyers with down-payment assistance info

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The Seattle-based home portal has added a new listing feature that connects a buyer with details about down-payment programs in their area. Continue reading →

Markets remain volatile, but mortgage rates stay the course

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The average rate for a 30-year, fixed rate loan was 3.10 percent this week, according to Freddie Mac’s latest lender survey. Continue reading →

‘I blundered’: Better CEO apologizes to workers after layoffs go viral

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Better CEO Vishal Garg has apologized to the mortgage company’s staff, saying he failed to show adequate respect for the 900 former employees who were let go last week. Continue reading →

Better CEO under fire after Zoom call layoffs go viral on TikTok

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The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions. Continue reading →

After rocky November, rates for 30-year mortgages stabilize above 3%

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The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey. Continue reading →

Ribbon jump-starts 2022 expansion push with 2 new markets

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The homeownership startup has December and January launches planned for markets in Alabama and Virginia. The company plans to be in 25 states by the end of next year. Continue reading →

Recent pullback in mortgage rates lifts outlook for home demand

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A monthlong upswing in mortgage rates came to a halt in the past two weeks, with rates for 30-year loans retreating back below 3 percent. Continue reading →

Blend’s Q3 earnings take a hit as $54M in IPO compensation vests

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The cloud banking software developer raises full-year revenue guidance by $13 million as it signs new clients, launches new products and integrates Title365 acquisition. Continue reading →

Rise in mortgage rates sees hiccup — but don’t expect it to last

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The dip in mortgage rates this week was small compared to the rise recorded over the last month. Economists say they expect more increases. Continue reading →