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> "the market has changed, as you know" For someone who is out of the loop, what does this mean?
by WORMS_EAT_WORMS 5y ago
> "the market has changed, as you know"
For someone who is out of the loop, what does this mean?
- ralph84 5y agoRising interest rates + rising house prices = fewer mortgage applications
- 1_player 5y agoWhat an absolute load of bollocks from a company that just raised $750M.
- MichaelMoser123 5y agowait, didn't we have that subprime crisis, because rising interest rates caused people to default on their mortgages? Will we have a rerun of this?
- rodiger 5y ago"We aren't making as much money" Better.com makes money by selling housing loans to investors in the secondary market. Mortgage rates are quite low in recent days, so there are fewer potential customers.[0] Interest rates are also quite low. [1] This means that, while Better used to save customers a decent amount of money, that gap has compressed which makes new customer acquisition tough. (this is based on some quick research, so please correct me if I'm wrong about any of this) [0] https://fred.stlouisfed.org/graph/?g=NUh https://fred.stlouisfed.org/graph/?g=NUh [1] https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS
- beerandt 5y agoThe buying boom caused by covid is cooling off.