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The media was long overdue for an update on Better. When last big in the news for the Zoom layoffs in December, the 10Y note yield was approx 1.5% and now appr
by jgalt212 4y ago
The media was long overdue for an update on Better. When last big in the news for the Zoom layoffs in December, the 10Y note yield was approx 1.5% and now approx 3.0%. 30Y mortgage rates went from 3.1% to 4.98%. Certainly not good for Better, but also not good for any mortgage originator whose revenue structure depends on transaction volume.
https://finance.yahoo.com/quote/%5ETNX/history?p=%5ETNX https://finance.yahoo.com/quote/%5ETNX/history?p=%5ETNX
https://www.freddiemac.com/pmms/pmms30 https://www.freddiemac.com/pmms/pmms30