News for hackers. Stuff that matters.

A comment on Rocket Mortgage to trim 8% of workforce as home-loan market shrinks. Parent comment

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by davio on Thursday April 28, 2022 @09:45AM (#31192363)
Refinance applications were down 70% compared to year ago. Combined with low home inventory, the mortgage industry looks pretty grim.

I'm expecting rates to reverse at some point. Mortgage companies will either need to compete to get some business or just give up.

[ Parent | on HN ]
Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by s1artibartfast on Thursday April 28, 2022 @12:27PM (#31194564)
Last years rates were a historic low, lower than the last 40 years at least. How do refinances compare to 3, 5, or 10 years ago
[ Parent | on HN ]